VOL. XXXIX

No. 17

22-January-1996

YEMEN

Yemen Raises Domestic Oil Prices

The state-owned Yemen Petroleum Company has raised the domestic prices of gasoline, diesel oil and kerosene, effective 15 January, under an economic reform program worked out with the World Bank and International Monetary Fund (MEES, 25 December 1995/1 January 1996 and 15 January). The price of gasoline was increased 50% from YR12/liter to YR18/liter ($0.14/liter). The government also placed a YR1 tax on each liter...