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Kuwait seeks to go in line with GCC financial policies - Cabinet
August 9, 2016, 5:53 pm

Minister of State for Cabinet Affairs Sheikh Mohammad Al-Abdullah Al-Mubarak Al-Sabah emphasized Tuesday the government's eagerness to go in line with financial and monetary policies of the other Gulf states, especially those related to fuel prices.

He made the statement following a crucial meeting for representatives of the legislative and executive powers at the National Assembly Bureau attended by the National Assembly Speaker Marzouq Al-Ghanim, His Highness Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad, several ministers to discuss the recent cabinet's decision to increase fuel prices.

Sheikh Mohammad pointed out that the government has briefed the lawmakers about the motives and expected results of the move, reiterating the government assurances that "citizens' income would not be touched." The government has also listened to a number of proposals from the lawmakers to grant citizens an amount of fuel free of charge and another amount at subsidized price, he said.

He, however, stated that the government would go ahead with the new prices rises.

The government would also attend the meetings of the parliament's financial affairs committee to discuss the lawmakers' proposals in this regard, Sheikh Mohammad said, noting that the government is keen on cooperating with the parliament.

The cabinet raised early August the prices of fuel to be as follows as of September 1: Octane-91: 85 fils per liter, Octane-95: 105 fpl, Ultra-Premium: 165 fpl. 

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