The subsidies committee, comprising of elements from various concerned government establishments, met at the Finance Ministry and reviewed lifting subsidies off fuel and cooking gas pending referring it to the Cabinet during the first quarter of 2015, said informed sources.
The sources added that the project recommends lifting fuel and gas subsidies gradually and that the suggested new price of cooking gas cylinders will gradually increase over a period of one to two years from the current KD 0.750 to reach KD 1.5. The sources also noted that the price of ‘Premium’ petrol will jump from 60 fils to 100 fils per liter, ‘Super’ petrol prices will jump from 65 fils to 130 fils per liter while the ‘Ultra’ petrol prices will jump from 90 fils to 170 fils per liter.
Source : KuwaitTimes
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