VOL. XLI

No. 19

11-May-1998

KUWAIT

Kuwait's Supreme Petroleum Council Approves Proposal For Domestic Fuels PriceIncrease

Kuwait's Supreme Petroleum Council (SPC) approved on 5 May a proposal put forwards bythe Kuwait Petroleum Corporation (KPC) for increasing fuel prices on the local market inamounts ranging between 37.5% and 50% over a four-month period. The SPC also approved, forthe first time in Kuwait, the introduction of 91 and 95 Octane unleaded gasoline at priceslower than the regular...