THE GOVERNMENT WORKS HARD TO ABSORB THE EFFECTS OF CONFLICT

  • 18/03/2022

Kuwait City: As part of the government's efforts to absorb the consequences of the Russian-Ukrainian war, there is a propensity to stabilise the prices of energy subsidies without creating any change in their levels, despite the fact that there is government consensus on adopting the price fixing decision thus far. 


According to sources, the committee to study the various types of state subsidies provided by the Ministry of Finance, which is concerned with reviewing the prices of subsidised commodities, will most likely take a decision to stabilise the prices of subsidised commodities, as part of the government's efforts to absorb the consequences of the Russian-Ukrainian war, which has contributed to raising the prices of subsidised commodities. According to the sources, the price stabilisation will apply to all commodities on the list of subsidies, including gasoline, diesel, and gas cylinders. 

The committee is expected to review the various types of subsidies in terms of the prices of various subsidised commodities every three months, in order to be in line with international oil prices and the desired goals of rationalising subsidies to monitor the ramifications of new prices for the benefit of citizens.

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