Sudan intends to completely lift fuel subsidies – Erm News

0
3


Sudan intends to completely lift aid ...



Local media confirmed, on Friday night, the Sudanese government’s intention to completely remove fuel subsidies and allocate support for public transport, government transport, factories and agriculture. She said

Local media confirmed, on Friday night, the Sudanese government’s intention to completely lift its support Fuel And allocating support for public transportation, government transport, factories and agriculture.
She said that the government granted fuel companies permission to import fuel and sell it at the commercial price.
Today, the Sudanese newspaper Al-Tayyar reported that the authorities ordered the quantities of fuel to be restricted in warehouses after the slow drying of fuel stations for a period of three days.
The newspaper expected that the fuel would be completely liberated, so that the price of a gallon of gasoline would be more than 300 pounds (about one dollar and 30 cents), while the price of a gallon of gasoline would reach more than 200 pounds (about 90 cents).
She indicated that the authorities have directed the regular forces to prepare in anticipation of the refusal to implement the decision to free fuel, which is expected today, Saturday.
At the beginning of this year, the government partially increased fuel subsidies, as it raised the price of a gallon of gasoline from 28 pounds to 128 pounds.
According to official statistics, local production covers 70% of the country’s gasoline consumption, and about 53% of diesel fuel, and the deficit is covered by imports, with government support.
The country is witnessing an escalating fuel crisis, with thousands of cars queuing for hours and days in front of stations to get fuel.
The government subsidizes fuel by about $ 2.250 billion annually, according to previous statistics, which causes great pressure on the country’s exhausted economy, and encourages the smuggling of fuel to neighboring countries.

To correct or make any comments desk[at]eremnews[dot]with

Tags:

Yahya Kasha – Erm News



Source link
https://www.eremnews.com/economy/energy/2287947

LEAVE A REPLY

Please enter your comment!
Please enter your name here