Sudan Sees Hike in Diesel, Petrol Prices

People gather to get fuel at a petrol station in Khartoum, Sudan November 4, 2016. REUTERS/Mohamed Nureldin Abdallah
People gather to get fuel at a petrol station in Khartoum, Sudan November 4, 2016. REUTERS/Mohamed Nureldin Abdallah
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Sudan Sees Hike in Diesel, Petrol Prices

People gather to get fuel at a petrol station in Khartoum, Sudan November 4, 2016. REUTERS/Mohamed Nureldin Abdallah
People gather to get fuel at a petrol station in Khartoum, Sudan November 4, 2016. REUTERS/Mohamed Nureldin Abdallah

Petrol and diesel prices in Sudan rose sharply on Friday following fuel subsidy reforms, which are part of a series of economic measures that have helped set the country on course for substantial debt relief.

Petrol prices rose by about 23% and diesel prices increased by more than 8% at fueling stations, a Reuters witness said.

The price of petrol at several stations in the capital Khartoum had risen to 150 Sudanese pounds ($0.4) from 122 pounds per litre, while the price of diesel had risen to 125 pounds from 115 pounds.

Sudan’s transitional government has gradually phased out most fuel subsidies amid widespread shortages.

In Khartoum, there are long queues for diesel, though the number of people waiting to buy petrol has eased in recent days. In many areas outside Khartoum shortages are still severe.

Sudan has been in economic crisis since before the overthrow of autocrat Omar al-Bashir in 2019, leading to a lack of supplies of basic goods including fuel, bread and medicines.

In February, the central bank sharply devalued the currency, in a move that unlocked foreign aid and opened the way for billions of dollars in debt relief.



Riyadh and Tokyo to Launch Coordination Framework to Boost Cooperation

Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)
Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)
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Riyadh and Tokyo to Launch Coordination Framework to Boost Cooperation

Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)
Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)

Saudi Arabia and Japan are close to unveiling a higher partnership council that will be headed by the countries’ leaderships in line with efforts to build a partnership that bolsters the technical transformation and joint research in clean energy, communications and other areas, revealed Saudi Ambassador to Japan Dr. Ghazi Binzagr.

He told Asharq Al-Awsat that the two countries will soon open a new chapter in their sophisticated strategic partnership.

The new council will be chaired by Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, and Japanese Prime Minister Shigeru Ishiba to push forward the Saudi-Japan Vision 2030, he added.

The council will elevate cooperation between the countries and pave the way for broader dialogue and consultations in various fields to bolster political, defense, economic, cultural and sports cooperation, he explained.

The two parties will work on critical technological partnerships that will focus on assessing and developing technologies to benefit from them, Binzagr said. They will also focus on the economy these technologies can create and in turn, the new jobs they will generate.

These jobs can be inside Saudi Arabia or abroad and provide employers with the opportunity to develop the sectors they are specialized in, he added.

Binzagr said Saudi Arabia and Japan will mark 70s years of relations in 2025, coinciding with the launch of Expo 2025 in Osaka in which the Kingdom will have a major presence.

Relations have been based on energy security and trade exchange with Japan’s need for oil. Now, according to Saudi Vision 2030, they can be based on renewable energy and the post-oil phase, remarked the ambassador.

Several opportunities are available in both countries in the cultural, sports and technical fields, he noted.

Both sides agree that improving clean energy and a sustainable environment cannot take place at the expense of a strong economy or quality of life, but through partnership between their countries to influence the global economy, he explained.

"For the next phase, we are keen on consolidating the concept of sustainable partnerships between the two countries in various fields so that this partnership can last for generations,” Binzagr stressed.

“I believe these old partnerships will last for decades and centuries to come,” he remarked.

Moreover, he noted that the oil sector was the cornerstone of the partnership and it will now shift to petrochemicals and the development of the petrochemical industry.