The Yemen Oil Company announced a new fuel price increase in Aden and other government-controlled areas, effective Friday, citing geopolitical tensions and rising import costs. The company stated in a release that the decision was attributed to the Iran-US conflict, the closure of the Strait of Hormuz, and increased shipping and insurance expenses, which collectively elevated the cost of importing petroleum products. Under the revised pricing, the cost of a liter of gasoline and diesel has risen to 1475 Yemeni riyals. A 20-liter container of fuel now costs 29,500 riyals, representing an increase of 6500 riyals for gasoline and 4500 riyals for diesel. This measure comes at a time when Yemen is grappling with a prolonged economic crisis. Years of conflict have significantly worsened the living conditions of the population, leading to a decline in purchasing power and a widespread increase in the cost of essential goods and services. |
