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KPC: Reports of cuts in gasoline subsidies untrue
January 20, 2016, 8:17 am

The spokesman of the Oil Sector Sheikh Talal Al-Khaled Al-Sabah denied on Tuesday the veracity of reports alleging imminent "cuts in gasoline and kerosene subsidies."

In a press statement, Sheikh Talal Al-Khaled quoted Chief Executive Officer of Kuwait Petroleum Corporation (KPC) Nizar Al-Adsani as saying the reports are "untrue."

The government is weighing various options to cope with plummeting oil prices, amongst them is a review of energy subsidies in the local market, Sheikh Talal Al-Khaled said.

Bearing optimal living conditions in mind, the government, in conjunction with the National Assembly, will find the best possible solution, he noted.

Source: KUNA

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