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Sudan Increases Fuel Prices after Subsidies Removed

People get their car filled at a petrol station in Khartoum, Sudan. November 4, 2016. (Reuters)
People get their car filled at a petrol station in Khartoum, Sudan. November 4, 2016. (Reuters)
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Sudan Increases Fuel Prices after Subsidies Removed

People get their car filled at a petrol station in Khartoum, Sudan. November 4, 2016. (Reuters)
People get their car filled at a petrol station in Khartoum, Sudan. November 4, 2016. (Reuters)

Sudan has increased fuel prices for the first time since subsidies were removed, energy minister Jadein Ali Obeid said on Thursday.

The price of gasoline went up from 290 Sudanese pounds per liter to 320 pounds, while the price of diesel went up to 305 pounds per liter from 285, according to a Reuters witness.

Sudan has been implementing aggressive IMF-monitored reforms in the hopes of turning around its economy and attracting debt relief and renewed financing.

The reforms have been painful and annual inflation climbed to 363 percent in April.

Sudanese officials and the IMF have said the reforms, which included a sharp currency devaluation, would cause prices to rise and add to pressure on citizens.

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China, EU Discuss ‘Level Playing Field’ on Trade, EU’s Sefcovic Says

Maros Sefcovic, the nominee to become the European Union's trade and economic commissioner, holds a press conference after hearings, in Brussels, Belgium November 4, 2024. (Reuters)
Maros Sefcovic, the nominee to become the European Union's trade and economic commissioner, holds a press conference after hearings, in Brussels, Belgium November 4, 2024. (Reuters)
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China, EU Discuss ‘Level Playing Field’ on Trade, EU’s Sefcovic Says

Maros Sefcovic, the nominee to become the European Union's trade and economic commissioner, holds a press conference after hearings, in Brussels, Belgium November 4, 2024. (Reuters)
Maros Sefcovic, the nominee to become the European Union's trade and economic commissioner, holds a press conference after hearings, in Brussels, Belgium November 4, 2024. (Reuters)

Chinese Commerce Minister Wang Wentao met visiting European Trade and Economic Security Commissioner Maros Sefcovic for a discussion that Sefcovic said on Saturday included a "level playing field" on trade.

China's commerce ministry described the Friday meeting as a frank and pragmatic exchange of views.

Sefcovic posted on X that it was necessary to ensure the EU-China "relationship is based on a level playing field, in terms of trade flows as well as investment, with symmetrical markets opening".

The Slovak commissioner also met with China's economy tsar on Friday during his first trip to Beijing since being confirmed late last year.

Top officials in Beijing and Europe are looking for common ground despite long-running trade disputes as the US administration of President Donald Trump threatens to upend transatlantic ties and global trade.