Yemen Slashes Fuel Prices On Houthi Demands


State-owned Yemen Petroleum Company (YPC) this week cut gasoline prices by around 15%, in a part-rollback of price hikes that came into effect in late-July, with the government’s implementation of subsidy cuts aimed at reforming its much-maligned subsidy policy (MEES, 15 August).

Subsidy reform has long been discussed in Yemen, one of the Middle East and North Africa’s poorest nations, in an attempt to stave off...