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Gas subsidy removal study prepared
July 25, 2015, 10:33 am

The Kuwait Petroleum Corporation completed a study to lift subsidies of gasoline products, informed sources said, adding that the study is now in the hand of decision makers. They said that the reaction to raising the price of diesel at the start of 2015 urged the government to be patient with raising the price of gasoline, and subjected it to an extensive study.

The subsidies’ committee at the Finance Ministry used help from an international consultant to prepare an integrated plan to implement lifting the subsidies gradually, provided that there should be rationalization of subsidies, and make sure that subsidies benefit those who deserve them. The study and recommendations will be handed to decision makers to announce it at a suitable time, the source said.

Source: Al-Jarida

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