Rising fuel prices

legacy Kuwait Expert

Member since 29 March 2010

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legacyKuwait Expert02 August 2016 05:51:16

3427

In case you have not been informed, as of Sept-1, the government shall issue new prices for fuel as follows:

Octane-91: 85 ﬁls per liter from 60,

Octane-95: 105 fpl from 65,

Ultra-Premium: 165 fpl from 95.

(link)

Now, if economics has taught us anything, its that businesses will try to stick the increase on the end user, meaning, all of us. so prices of everything will be expected to rise accordingly, due to the increased costs of delivery (i.e. fuel for delivery trucks etc).

Time to tighten our belts.

Kat76 Guest

Kat76Guest02 August 2016 06:30:55

Maybe Kuwait is going to experience what the rest of the world has experience since 2008, just in a softer and less abrupt way.
One thing is certain, if the cost of living keeps raising, this place will become a lot less attractive, especially for the low income expats that are sending money to their families abroad.
The fuel price increase you've mentioned if quite hefty. Groceries are more expensive here, than is most EU countries.

Kat76 Guest

Kat76Guest08 August 2016 04:55:52

Exactly.

Which is quite pathetic as we are one of the richest countries in oil.. meh.

You'd think with this raise they would have all the funding to build us something other than shopping malls. But nah..

And.. I detest the Avenues..