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Panel to discuss effects of diesel price hike
April 14, 2015, 8:28 am

The committee tasked to review subsidies will discuss next week the consequences of Ministers Council decision number 1281/2014 on increasing the price of diesel in the local market from 55 fils to 170 fils, reports a local daily quoting sources.Sources disclosed the committee will also look into the suggestion of Kuwait Institute for Scientific Research (KISR) to form a panel that will study different kinds of subsidies and evaluate the subsidies currently provided by the country.

Sources said the committee had earlier agreed on the non-allocation of subsidies for individuals, as subsidies should be granted to those with limited permission to perform a specific activity according to the regulations stipulated in Ministers Council decision number 1281/2014. On the issue concerning farmers, sources said the farmers should obtain a permit from the Public Authority for Agricultural Affairs and Fish Resources (PAAAFR) so they will be treated like the Fishermen Union members. Sources added the committee will also meet members of the Fishermen Union and the farmers.

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