Al-Sisi reaffirms Egypt's commitment to African security, development at AU Mid-Year Summit    Dozens of Palestinians killed by Israeli fire near Gaza aid site    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt's Contact insurance arms, Germany's GIZ partner on SMEs, gender equity    Egypt and Italy mark 50 years of science partnership, discuss future cooperation    Egypt establishes Real Estate Market Regulation Unit to oversee sector transparency    Sri Lanka's expat remittances up in June '25    CBE's Abdalla attends Arab central bank governors' meeting ahead of Sept summit    Egypt's gold prices grow on July 13th    Egypt's Health Min. discusses drug localisation with Sandoz    Egypt, Mexico discuss environmental cooperation, combating desertification    Lavrov warns against anti-Russia alliances in Asia during North Korea visit    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Egypt's EDA, Haleon discuss local market support    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sudan almost doubles fuel, gas prices in economic crisis
Petrol stations in the capital Khartoum raised the price of a gallon of petrol on Monday to 21 pounds (almost $3 based on black market prices), from 12 pounds
Published in Ahram Online on 23 - 09 - 2013

Sudan almost doubled prices for fuel and cooking gas on Monday, struggling to bring its budget under control in an economic crisis that is stirring widespread discontent.
President Omar Hassan al-Bashir went on television for two hours to announce the plan. He has avoided an "Arab spring" uprising of the sort that has unseated other rulers in the region but many in Sudan complain about soaring food prices, corruption, violent conflicts and high unemployment.
"We've been just notified of the prices increases," said a petrol station worker, asking not to be named "It's huge leap and we worry that people will be angry."
The Arab African country lost three-quarters of its oil reserves - its main source of revenues and of dollars for food imports - when South Sudan became independent in 2011.
Petrol stations in the capital Khartoum raised the price of a gallon of petrol on Monday to 21 pounds (almost $3 based on black market prices), from 12 pounds.
"The government ... has no idea of what people are going through. I am ready to join any protest against the lifting," said 41-year old Ahmed Iassan, an unemployed worker.
The government started reducing some fuel subsidies in July 2012. Several weeks of small protests ended with a security crackdown.
It had hoped to sustain the remaining support by boosting gold exports to replace oil revenues, but was thwarted by the recent fall in global gold prices.
A gallon of gasoline now costs 14 pounds, up from 8.5 pounds, petrol station staff said. The prices for a cylinder of cooking gas rose to 25 pounds from 15 pounds.
In a televised news conference, Bashir said late on Sunday Sudan was no longer able to afford the subsidies which he said cost the treasury $15.5 billion every year based on the official exchange rate.
Sudan produces too little to feed its 32 million people. Even basic food imports arrive by ship in Port Sudan, before they get trucked for days across the vast country, spurring food price inflation.
The Sudanese pound is worth barely a third of its value against the dollar on the black market at the time of the south's succession.
Opposition activists have criticised the move to cut fuel subsidies but the weak opposition has yet to stir mass protest.
http://english.ahram.org.eg/News/82293.aspx


Clic here to read the story from its source.