Government abolishes diesel subsidy for high consumption sectors [Archives:2008/1217/Local News]

December 18 2008

Ali Saeed
SANA'A, Dec. 17 ) Last week the government started implementing its decisions to eliminate its diesel subsidy for high-consuming commercial establishments, amounting to YR 56 billion monthly, as well as to increase the electricity bills of governmental buildings and other sectors with high consumption.

The decision to increase the price of diesel from YR 35 to YR 70 a liter for establishments that consume over 20,000 liter daily came to secure government financial resources initially meant to enhance national economy and support development.

“The governmental decree to abolish the subsidy for the diesel consumed by cement and iron factories -estimated about 14