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Deputy urges lower fuel prices next month

Deputy urges lower fuel prices next month

The Chairman of the Parliamentary Committee for Tourism and Antiquities, Deputy Salem Al-Omari, urged the government and the Petroleum Pricing Committee to reconsider the fuel prices for the upcoming month to ensure they align with current economic conditions. The goal is to ease the living burdens on citizens. He emphasized that rising fuel prices not only impact transportation costs but also lead to higher prices for goods and services, thereby increasing pressure on low- and middle-income earners. He pointed out that lowering fuel prices would have a positive effect on the national economy by reducing operating costs, stimulating commercial activity, supporting purchasing power, and promoting economic stability. He called for the Pricing Committee to benefit from any decrease or stabilization in global oil prices when determining local prices. He explained that the committee conducts monthly reviews of prices based on global oil prices and local factors, with new prices coming into effect at the beginning of each month.

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