Wednesday, July 30, 2014

Yemen fuel subsidies a bad investment, now the painful dividends

Yemen protests erupt after fuel price doubled - Middle East - Al Jazeera English: "According to new prices posted in the capital, Sanaa, the government raised regular petrol from $0.58 a litre to $0.93. Diesel used for public transport and trucks rose from $0.46 to $0.91.

The government spent about $3bn on energy subsidies last year, nearly a third of state revenue."

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