Iraq to Increase Fuel Prices By 100-200 Per Cent - Iraqi TV
Posted on: Wednesday, 26 October 2005, 12:00 CDT
Text of report by Iraqi Al-Sharqiyah TV on 26 October
Al-Sharqiyah Television has learnt that the Iraqi Council of Ministers has decided to increase the prices of oil derivatives by 100-200 per cent as of the end of the year 2005.
Accordingly, regular petrol prices will be increased from 20 to 50 dinars per litre [an increase of 30 dinars per litre]; premium petrol prices will be increased from 50 to 100 dinars per litre; diesel prices will be increased from 10 to 30 dinars per litre; kerosene prices will be increased from five to 10 dinars per litre; and butane gas cylinder prices will be increased from 250 to 500 dinars per cylinder.
Iraq has been suffering from a considerable crisis in all oil derivatives as long queues of cars wait for long hours at the petrol stations to fill their cars with petrol, something that has generated countless complaints by citizens, who sense unfairness in a country considered one of the most oil-rich countries of the world.
Source: BBC Monitoring Newsfile
Related Articles
- Petrol Oil and Gas Announces a 57% Increase in Proved Reserves for 2005
- Petrol Oil and Gas Increases Ability to Sell Production From Coal Creek Project
- China Focus: China Vows to Reduce Reliance on Oil Amid Soaring Prices and Increasing Import
- Source Capital Group Increases Rating on Petrol Oil and Gas To Strong Buy; Firm Has 12-Month Price Target of $7.00 Per Share
- Petrol Oil and Gas Completes Debt Facility of Up to $50 Million to Support Drilling Program; Funding Expected to Significantly Increase Petrol's Production
- Petrol to Hit Pounds 1 a Litre As Oil Price Rises .
- Indonesia's Crude Oil Price to Increase: Official
- Petrol Oil and Gas Increases Field Production From 5 New CBM Gas Wells
- Upgrading Opinion on Petrol Oil and Gas, Inc. (OTCBB:POIG) Strong Buy Recommendation
- Source Capital Group Announces Upgrading Opinion on Petrol Oil and Gas, Inc. (OTCBB:POIG) Strong Buy Recommendation
 |
 |
User Comments (0)
RSS Feeds