Bahrain raises oil prices | GulfNews.com:
"Bahrain has increased the price of gasoline, linking the decision to “the unprecedented drop in global oil prices.”
“As part of the Kingdom of Bahrain’s comprehensive economic and fiscal reform programme, the Cabinet today approved an amended price of gasoline sales,” a statement carried by Bahrain News Agency (BNA) said. “The decision follows recommendations from the Executive Committee, as outlined in a memorandum submitted to Cabinet by the National Oil and Gas Authority.”
The price of 95 Octane, will be set at 160 fils per litre, and the price of 91 octane will be set at 125 fils per litre. The new prices come into effect on Tuesday.
Energy Minister Dr Abdulhussain Mirza, said that the Cabinet’s decision “forms part of the government’s wide-ranging programme of structural economic and fiscal reforms that will further strengthen the country’s long-term development.”"
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