Home » News » Content
Product Categories

Bahrain Sharply Raised Gas Prices

- Jan 16, 2018 -

Bahrain's Gulf News January 9 news, Bahrain National Department of Oil announced on January 8, starting from the date of raising gasoline prices, of which the price of 91 gasoline increases 12% to 140 Fell (about 0.37 US dollars) Gasoline 95 is up 25% to 200Felts per liter (about 0.53 U.S. dollars).

In this connection, the Bahrain National Oil and Gas Administration said in a statement that despite the increase in gasoline prices, government subsidies still account for about 33% of current gasoline prices. Raising oil prices is one of the measures for the economic restructuring of the Gulf countries, helping to achieve fiscal stability and reduce oil price differences with other countries.