Kuwait decided to give “Free petrol” each month

October 6, 20160 Comments

The Kuwaiti government agreed to compensate citizens for hiking petrol prices in a plan to “partially liberalise” the fuel subsidy, Parliament Speaker Marzouq Al-Ghanem said on Wednesday.

Those holding driver’s licences would be compensated with a quantity of “free petrol” each month, Ghanem told reporters after a three-hour meeting between the government and a number of lawmakers.

Ghanem said the amount of free petrol that would be given was about 75 litres (20 gallons) a month per citizen.

The cost of petrol would be revised on a monthly basis depending on the price of oil on international markets, he said, adding this represented a “partial liberalisation” of subsidies. Kuwait fully liberalised the prices of diesel and kerosene at the start of 2015.

Source : Arabtimes


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