Bahrain Parliament Calls on Govt. to Cancel Fuel Price Hike

Bahrain's National Oil and Gas Authority.
Bahrain's National Oil and Gas Authority.
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Bahrain Parliament Calls on Govt. to Cancel Fuel Price Hike

Bahrain's National Oil and Gas Authority.
Bahrain's National Oil and Gas Authority.

The Council of Representatives in the Kingdom of Bahrain submitted an urgent proposal to the Bahraini government to rethink the fuel price hike only a day after its approval.

The Council held its 15th weekly meeting Tuesday and allocated part of it to discuss the hike in gasoline prices, which some MPs considered sudden, especially after the National Oil and Gas Authority (NOGA) announced readjusting fuel prices for 2018 and raising them 12 and 25 percent.

Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister and Chairman of the Ministerial Committee for Financial Affairs and Control of Spending, said that the coming days will witness a number of coordination and consultative meetings with the legislative authority aimed at restructuring the support and directing it to the beneficiaries from Bahraini families and citizens.

First Deputy Speaker Ali Abdulla al-Aradi chaired the parliament session.

The urgent proposal was submitted by MPs Isa Turki, Abdulrahman Boumjeed, Dheyab al-Nuaimi, Ali al-Muqla and Mohammed al-Emadi.

“The decision to raise prices was surprising,” Aradi told Asharq Al-Awsat, adding that the Council agreed with the government to gradually reduce subsidy on many goods and services, including gasoline.

He said that the deputies agreed on the government request to cancel the decision to increase the price of gasoline and find a way to support the Bahraini citizens, especially those with limited income.

"The council called upon the government to provide support to Bahrainis with limited income, especially in the field of energy," Aradi added, explaining that Bahrain's production of oil is limited and 80 percent of the revenues of the public treasury comes from oil.

It is therefore is necessary to ration subsidy it so that the social class, which deserves to be benefit from it, is not affected by such decisions.

“There is cooperation between the legislative and executive authorities, and the government always takes the council’s proposals into consideration,” he said.

After the NOGA’s increase in fuel prices, the cost of Mumtaz (95 octane) petrol rose from 160 fils to 200 fils per liter and Jayyid (91 octane) fuel rose from 140 fils per liter from the previous 125 fils.



Saudi Arabia Expands Efforts to Integrate into Global Supply Chains

Al-Falih speaking during the 28th Annual World Investment Conference in Riyadh (Asharq Al-Awsat)
Al-Falih speaking during the 28th Annual World Investment Conference in Riyadh (Asharq Al-Awsat)
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Saudi Arabia Expands Efforts to Integrate into Global Supply Chains

Al-Falih speaking during the 28th Annual World Investment Conference in Riyadh (Asharq Al-Awsat)
Al-Falih speaking during the 28th Annual World Investment Conference in Riyadh (Asharq Al-Awsat)

Saudi Arabia is intensifying its efforts to secure access to essential materials, promote local manufacturing, enhance sustainability, and strengthen its participation in global supply chains. This follows Minister of Investment Khalid Al-Falih’s announcement of nine new agreements, alongside 25 additional deals under review, under the Global Supply Chain Resilience Initiative (Jusoor).
Speaking during the 28th Annual World Investment Conference in Riyadh, Al-Falih described these agreements as a major step toward building more resilient and efficient supply chains in the Kingdom.
He noted that the program, which reflects the vision of Crown Prince Mohammed bin Salman, forms part of the National Investment Strategy and is supported by government programs such as the National Industrial Development and Logistics Program (NIDLP).
Al-Falih highlighted Saudi Arabia’s plans to facilitate access to critical minerals, promote local manufacturing, and expand its footprint in global green energy markets. He emphasized that “green supply” is a fundamental pillar of the initiative, supported by investments in renewable energy.
The Kingdom aims to develop 100 new investment opportunities across 25 value chains, including projects in green energy and artificial intelligence (AI), he underlined.
The government is also offering incentives for companies to invest in special economic zones and aims to attract investments in emerging sectors such as semiconductors and digital manufacturing. Al-Falih stressed the importance of collaboration between public and private sectors in advancing Saudi Arabia’s Vision 2030 goals.
He reiterated the government’s full commitment to realizing this vision, with ministries continuing to support this strategic initiative focused on sustainable development and the localization of advanced industries.
Minister of Industry and Mineral Resources Bandar Al-Khorayef announced that Saudi Arabia has attracted over $160 billion in investments to its market—nearly triple previous figures. Capital in the mining sector has grown to $1 billion, while investments in mineral wealth have exceeded $260 million.
Al-Khorayef underlined the Kingdom’s commitment to building strong, reliable partnerships through strategies that prioritize supply chain development and sustainability. He identified the Jusoor initiative as a key mechanism for linking Saudi Arabia to global supply chains, tackling challenges such as energy transitions and the growing demand for critical minerals.
For his part, Minister of State and Cabinet Member Dr. Hamad Al-Sheikh, who also serves as Secretary-General of the Localization and Balance of Payments Committee, highlighted Saudi Arabia’s strategic investments in infrastructure, saying that these efforts aim to position the Kingdom as a leading global logistics hub.