Cost Of Gas Cylinder Likely To KD2.5 - KD5 In Near Future
Category: Information
Immigrate to Canada or Australia
Study In Abroad

The committee in charge of reviewing the governmental subsidies has been studying a proposal to increase the cost of cylinder of liquefied petroleum gas, reports Al-Rai daily quoting informed sources. They explained that one of the suggestions is to increase the cost by six times while another is to increase it by three times its current cost.

The committee conducted a study in this regard and discovered that the state bears about KD 4.25 of the actual price of KD 5 for each cylinder of gas irrespective of whether these cylinders of gas are being used in homes, shops or restaurants. The committee also discovered that the total subsidy spent by the government for cylinders of gas is KD 60 million every year.

These facts have led the committee to consider revising the current price of a cylinder of gas which is 750 fils each. The sources said the first suggestion is to increase the cost of a cylinder of gas from 750 fils to KD 2.5, which will save about KD 25 million a year for the state.

However, Kuwait Petroleum Corporation has suggested completely lifting the subsidy of gas cylinder such that each cylinder of gas will cost its actual price of KD 5. The sources said relevant analyses were carried out to discover that the use of cylinders of gas by citizens and expatriates is about 10-15 percent each while 70 percent of the cylinders of gas are used by restaurants, shops and hotels.

They insisted that it is unacceptable for the state to bear such a high cost in favor of commercial companies, as the latter should be paying the actual price of the cylinders of gas, stressing that the subsidy should be directed to only those who deserve it.

The sources disclosed that majority of the members of the committee are considering the suggestion for applying the cost of KD 2.5 per cylinder of gas, adding that some members are thinking of preparing a proposal to exclude private houses from paying KD 2.5 for each cylinder of gas, as they are keen to ensure the subsidy is given to those who deserve it. Meanwhile, the Subsidy Committee is studying a proposal to exempt fishermen and owners of boats from the government’s decision to increase the fuel prices this September such that they will continue to pay the subsidized cost of fuel.



17 Aug, 2016 0 6865
Posted Comments
Popular News
Issuing Of Family Visit Visa My wife came here to Kuwait on family visit visa (3 months validity) on June 16, 2019 and left Kuwait on Sept 7, 2019. After how many days/months will family visit visa be issued for her if she wants ... October 14, 2019 2 4406 Category: Visit Visa
Women To Be Paid Salaries Without Going To Office The proposal which was submitted recently to pay ‘deserving’ women their salaries without going to office has mixed reactions, reports Al-Anba daily. While the writer and researcher in ... October 14, 2019 1 1321 Category: Kuwait
Unpaid Fines Stop People Leaving Country Including Kuwaitis The traffic director of the Eastern Province in Saudi Arabia, Colonel Engineer Ali Al- Zahrani, has announced all vehicles bearing Gulf plate numbers (including Kuwaiti) will not be allowed to exit th... October 17, 2019 0 1270 Category: Kuwait
Landlords And Lust For Money - Rooms Built On Rooftops In light of what has been undertaken by the private sector to develop buildings in the city and its surrounding areas, some landlords follow a different trend and it looks like they do not want to kee... October 14, 2019 0 899 Category: Crime News
Sex Toys Rampant In Kuwait - Sold Secretly Sex toys are rampant in Kuwait and are being sold to prospective buyers by a well-knit distribution unit and to beat the tight control by the security authorities the vendors usually use non- Kuwaiti ... October 14, 2019 0 860 Category: Crime News
11 Company Owners In Kuwait Accused Of Money Laundering And Terror Financing As part of tightened measures to crack down on suspicious financial transactions, informed sources revealed to the Al-Qabas daily that the Ministry of Interior is conducting intensive investigations w... October 14, 2019 1 792 Category: Kuwait
New Comer To Kuwait Want To Resign Before 3 Years Of Service I have spent 6 months with my employer. If I want to resign I will give 3 months notice period so it will be nine months. After that do I still have to pay 3 months salary and amount of money spent on... October 17, 2019 0 681 Category: Legal
MoH Requested To CSC To Exempt Nurses From Employment Requirements Ministry of Health has requested Civil Service Commission (CSC) to exempt nurses from employment requirements, reports Al-Qabas daily. In a letter sent to CSC, the ministry said it is in the proces... October 15, 2019 0 544 Category: Kuwait
One Week Given To Transfer Visa I was working as a nurse in a clinic, i resigned, last day was Sept 30, 2019. I will transfer my visa to family. Now Oct 3, my employer informed me that i need to transfer residency till next week, if... October 15, 2019 0 415 Category: Legal
Proceeds Of Health Fees Levied On Expats Dropping Proceeds generated by fees levied on expatriates who get treatment in public hospitals and health centres have dropped by KD9 milion to KD20 million only last year. In 2017-2018, health fees levied... October 15, 2019 0 373 Category: Expats
View All
Popular Offers
carrefour-part-3-anniversary-offers in kuwait
Carrefour Part 3 Ann...
grand-hyper-amazing-one-day-promotion in kuwait
Grand Hyper Amazing ...
crazy-figures-are-back in kuwait
Crazy Figures Are Ba...
lulu-hypermarket-offers in kuwait
Lulu Hypermarket Off...
costo-supermarket-maga-promotions in kuwait
Costo Supermarket Ma...
Popular Events
08 Nov, 2019
Category : Entertainment
22 Nov, 2019
Category : Entertainment
02 Nov, 2019
Category : Food & Drink
08 Nov, 2019
Category : Food & Drink
01 Nov, 2019
Category : Entertainment
Kuwait Local News
Kuwait News
Crime News New Rules Entertainment