Arab Today, arab today sudan to lift subsidies on petroleum products
Last Updated : GMT 18:50:25
Arab Today, arab today
Arab Today, arab today

As government tries to stabilise troubled economy

Sudan to lift subsidies on petroleum products

Arab Today, arab today

Arab Today, arab today Sudan to lift subsidies on petroleum products

Sudanese queue in a petrol station to fuel their vehicles in Khartoum
Khartoum - Arab Today

Sudanese queue in a petrol station to fuel their vehicles in Khartoum Sudan will lift subsidies on petroleum products, a senior ruling party official said on Sunday, as the government tries to stabilise a troubled economy which last year sparked protests. \"What is confirmed is the subsidies will be lifted,\" Rabbie Abdelatti Ebaid of the ruling National Congress Party told AFP.
Ebaid said Finance and Economy Minister Ali Mahmud al-Rasul informed the party\'s political bureau earlier Sunday of the move, which could see prices at the pumps rise within days after a formal decree is issued.
Ebaid said all remaining subsidies will be eliminated, leaving the government to pay the world price for oil.
It currently buys crude at about $51 a barrel, he said, less than half the global price.
Anti-regime demonstrations spread last year after President Omar al-Bashir announced austerity measures including tax hikes and an end to cheap fuel.
The cost of petrol at the pump roughly doubled at that time when fuel subsidies were partly lifted.
Sudan lost billions of dollars in oil receipts when South Sudan gained independence two years ago, taking with it about 75 percent of the formerly united country\'s crude production.
Since then the north has been plagued by inflation, a weakened currency and a severe shortage of dollars to pay for imports.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sudan to lift subsidies on petroleum products Arab Today, arab today sudan to lift subsidies on petroleum products

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sudan to lift subsidies on petroleum products Arab Today, arab today sudan to lift subsidies on petroleum products

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday