Gulf economies embark on reforms as oil prices plunge | GulfNews.com:
"Gulf countries are undertaking reforms to cut subsidies and increase fuel prices as oil hovers near eleven year lows on abundant supply and slowing demand.
Bahrain will be increasing fuel prices starting from Friday, according to Bahrain News Agency. They haven’t mentioned how much the increase would be but said the new move would contribute to providing financial savings and rationalising energy consumption.
Bahrain becomes the third country in the Gulf region to bring in reforms in the energy sector after UAE and Saudi Arabia."
'via Blog this'
No comments:
Post a Comment