VOL. XLI

No. 25

22-June-1998

YEMEN

Yemen Raises Domestic Fuel Prices

The Yemeni Council of Ministers decided to raise domestic fuel prices with effect from19 June in line with the country's economic reform program as suggested by theInternational Monetary Fund (IMF). The last increases in domestic fuel prices, as well asthe consumer price of electricity and water, were introduced by the government in Julylast year (MEES, 7 July 1997). According to a circular issued by the Ministry ofPetroleum...