Price of oil derivatives increases by 20% in Aden

Price of oil derivatives increases by 20% in Aden

The Yemeni Petroleum Company in the port city of Aden, southern Yemen, has on Monday announced a new rise in the prices of oil derivatives.

On Sunday evening, the company decided to raise the price of a petrol gallon of 20 liters from 8,000 riyals to 10,000 riyals, an increase of 20 percent, and the company also set the price of a diesel gallon of 20 liters at 10,400 riyals.

The increase in the price of oil derivatives in Aden comes as a result of the deterioration of local currency against foreign currencies, after the Hadi government plundered nearly half a billion dollars from a Saudi deposit last year, according to a report by the United Nations.

The Hadi puppet government, which is loyal to Saudi-led coalition, keeps imposing customs duties and taxes on the import of oil derivatives, which has increased the suffering of citizens and led to the collapse of various services, including the electricity sector, in Aden.

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