The Prime Minister has ordered a reduction in domestic gas prices and emphasized the need to end monopolies and illegal fees.

Prime Minister Directs Reduction of Domestic Gas Prices

In a significant move to address the rising cost of domestic gas, Prime Minister Salem Saleh bin Brek has mandated the Yemeni Gas Company to implement measures that will lower prices in line with positive changes in the national currency exchange rate. He emphasized the importance of ensuring that gas reaches citizens at fair prices, free from monopolistic practices or illegal fees.

Importance of Domestic Gas

During a meeting held on Thursday with the General Director of the Yemeni Oil and Gas Corporation, Mohammed Thabet, and the Executive Director of the Yemeni Gas Company, Mohsen bin Waheit, the Prime Minister highlighted that domestic gas is a fundamental commodity affecting every household. He stated that any manipulation of prices or distribution irregularities directly impacts citizens’ lives and their economic security. The government remains committed to dismantling any corruption or monopolistic practices within this vital sector.

Review of Transportation Costs and Illegal Fees

The Prime Minister instructed a review of gas transportation fees and the elimination of illegal charges. He called for the unification of selling prices for major consumers and agents, which should lead to an immediate reduction in gas prices for citizens. Currently, there is a significant disparity between the official selling price of 3,550 riyals per cylinder in Safer and the price consumers pay. He also emphasized the need to establish a reasonable profit margin and to close unlicensed gas stations in collaboration with local authorities.

Licensing and Compliance Measures

Additionally, the Prime Minister ordered a halt to the issuance of new licenses for gas stations. He requested a report detailing both new and existing stations, assessing their compliance with safety standards and their pricing practices. Legal actions will be taken against any violators.

Strategic Gas Stock and Monitoring

The Prime Minister stressed that strategic gas reserves should not be located outside the provinces. He called for an end to this unacceptable situation and the implementation of monitoring mechanisms to prevent smuggling and manipulation. He assured that all necessary measures would be taken to avoid future shortages of domestic gas, particularly in light of recent months’ challenges.

Commitment from Oil and Gas Directors

In response, the directors of the Oil and Gas Corporation and the Gas Company affirmed their commitment to executing the Prime Minister’s directives. They discussed the challenges and obstacles that have increased the cost of domestic gas cylinders, including imposed improvement fees and local charges. They proposed solutions to these issues, along with enhancing monitoring mechanisms by publicizing official prices and imposing penalties on violators. They also suggested adjusting transportation costs to align with the declining prices of petroleum derivatives.

Meeting Attendance

The meeting also included the Deputy Minister of Finance, Hani Wahab, who contributed to the discussions.

This proactive approach aims to ensure that domestic gas remains accessible and affordable for all citizens, fostering economic stability and security in Yemen.

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