Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Yemen nearly doubles fuel prices at the pump, cutting subsidies to narrow budget deficit

Yemenis chant slogans after setting tires on fire during a protest against the inflation of fuel prices in Sanaa, Yemen, Wednesday, July 30, 2014. Yemeni protesters blocked roads by burning tires on streets in the Yemeni capital against the government's decision to raise fuel prices. The fuel crisis which hit the country for the past several months has lead to many gas stations shutting down and cars queuing for miles at stations that still sell fuel. The crisis affected public transportation drivers mostly. (AP Photo/Hani Mohammed)

Enlarge Image

Yemenis chant slogans after setting tires on fire during a protest against the inflation of fuel prices in Sanaa, Yemen, Wednesday, July 30, 2014. Yemeni protesters blocked roads by burning tires on streets in the Yemeni capital against the government's decision to raise fuel prices. The fuel crisis which hit the country for the past several months has lead to many gas stations shutting down and cars queuing for miles at stations that still sell fuel. The crisis affected public transportation drivers mostly. (AP Photo/Hani Mohammed)

SANAA, Yemen - Yemen's government has nearly doubled fuel prices in an attempt to reform government subsidies and narrow a budget deficit.

According to new prices posted Wednesday in the capital, Sanaa, the government raised price of regular gasoline to 200 Yemeni riyals per litre (93 U.S. cents) from 125 riyals (58 U.S. cents). Diesel used for public transport and trucks rose to 195 riyals per litre (91 U.S. cents) from 100 riyals (46 U.S. cents).

That's on par to the U.S. average price per litre for gasoline, which is 92 cents — or $3.51 per gallon.

Past price hikes have led to street riots, but only scattered demonstrations were seen Wednesday in Sanaa. Security forces and armoured vehicles were in the streets.

Yemen spent nearly $3 billion last year on fuel subsidies.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media

Canadian Mortgage Rates