
Kuwaiti lawmakers on Thursday requested an emergency session of Parliament to debate a government decision that increased petrol prices by up to roughly 80 percent.
Kuwait’s Parliament is in summer recess until mid-October but a majority of the 50-member house can demand an emergency session to debate pressing issues.
MP Ahmad Al-Qhudhaibi said 35 lawmakers signed the motion to discuss why the government raised its heavily subsidized petrol prices for the first time in almost two decades.
The increase, which came into effect on Sept. 1, was harshly criticized by a large number of MPs and civil society organizations.
In their motion, lawmakers said the move had resulted in a rise in the prices of commodities and goods.
MPs want the government to compensate Kuwaiti citizens who comprise around 30 percent of the 4.3 million population, which also includes about three million foreigners.
The date of the meeting will be worked out with the government.
The Cabinet has said the decision is part of a series of measures to meet a budget deficit due to a sharp drop in oil revenues, which previously made up around 95 percent of the country’s total income.
Source: Arab News
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor