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.



Crown Prince to Patronize 3rd Riyadh Global Medical Biotechnology Summit on November 10-12

Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman,  (SPA)
Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman, (SPA)
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Crown Prince to Patronize 3rd Riyadh Global Medical Biotechnology Summit on November 10-12

Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman,  (SPA)
Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman, (SPA)

The Ministry of National Guard Health Affairs, in collaboration with the Ministry of Investment, is organizing the third edition of the Riyadh Global Medical Biotechnology Summit (RGMBS) 2024, taking place in Riyadh from November 10 to 12.

The event is held under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.
The RGMBS aims to strengthen the national economy and promote sustainable development, aligning with the National Biotechnology Strategy launched by the Crown Prince this year.

According to SPA, this strategy envisions Saudi Arabia as a leading regional hub in biotechnology by 2030 and a global leader by 2040.
The summit will feature global experts and leading biotech companies from countries including the United States, United Kingdom, China, Republic of Korea, and Japan, as well as prominent academic institutions and organizations.
The previous summit resulted in 11 collaborative agreements with international entities in medical technology research and vaccine production. It hosted 68 speakers and attracted over 14,300 participants from 128 countries.