Fuel Prices Yemen
Fuel Pricing Policies
"Pricing policy: Government controls, subsidizes, and infrequently adjusts fuel prices. In 2005, government began and then stopped reforming fuel price subsidies. In 2011, regular gasoline was withdrawn from the market, leaving only super gasoline priced at 175 rial (US$0.82)/liter. In Apr 2012, super gasoline was withdrawn from the market and regular gasoline, previously priced at 75 rial/liter, was re-introduced at 125 rial (US$0.58). Protests: In Jul 2005, at least 39 people were reportedly killed and more than 300 were wounded in riots sparked by fuel price hikes. After the price of diesel doubled in Apr 2012, farmers protested by blocking roads.
Consequences of subsidies: Fuel subsidies reached 14% of GDP in 2008."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
|Gasoline 95 Octane||Diesel|
|in Local Currency||
* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
No information available.
At a Glance