We were also assured that fuel subsidy
had come to an end.
More than 50,000 citizens have already received fuel subsidy
cards, available at petrol stations nationwide.
Muscat: The number of those who have registered under the national fuel subsidy
system witnessed a remarkable increase with the nearing of actual implementation of the system and increase the limit of M-91 fuel with effect from January 2018.
They said this became noticed almost three months after the fuel subsidy
was totally removed by the central government.
The fuel subsidy
reform in Qatar will not increase revenues for the Qatari government, but allow spending to decrease and thus reducing the budget deficit," said BMI Research's analysts Christopher Haines and Olivier Najar.
The profit was mainly as it reversed Rs 800 crore of impairment taken earlier on drop in oil prices and got another Rs 633 crore from the government for excess fuel subsidy
it had paid earlier.
As the plummeting prices of crude oil have decreased revenues robbing oil explorers of a profit in the October-December 2015-16 quarter the Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), have been excused from sharing fuel subsidy
with the government.
Summary: Oman's cabinet approved in principle spending cuts, tax rises and fuel subsidy
reforms to cope with the damage to state finances from low oil prices, according to the state news agency (ONA).
The report noted that the cost of fuel subsidy
in Saudi Arabia hits USD 107 billion annually.
Despite a drop in the global crude market, Indonesia's state-owned energy firm, Pertamina, may not reduce domestic petrol prices as it looks for compensation for fuel subsidy
losses earlier this year.
Oil importers are benefiting from lower prices through reduced import bills and lower fuel subsidy
Conversely, Indonesia has also predicated much of its fuel subsidy
budget on oil at $105 barrel for 2015 and Malaysia, both significant user and exporter of oil, at $85.
Giving in to Houthi demands, the government partially reversed its fuel subsidy
cuts on Sept.
reform, in theory, can enable a country to boost its economic growth rate, a key criterion for political stability and social/human development.
According to a Reuters-cited source from Yemen's presidential committee, Yemeni authorities had handed to the Houthis a draft proposal that includes an offer to form a new government within a month and to set up an economic committee to review the fuel subsidy