Sudan Raises Petrol, Diesel Prices

Motorcyclists queue-up for fuel at a gasl station in al-Amarat district of Sudan's capital Khartoum on June 10, 2021.
Motorcyclists queue-up for fuel at a gasl station in al-Amarat district of Sudan's capital Khartoum on June 10, 2021.
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Sudan Raises Petrol, Diesel Prices

Motorcyclists queue-up for fuel at a gasl station in al-Amarat district of Sudan's capital Khartoum on June 10, 2021.
Motorcyclists queue-up for fuel at a gasl station in al-Amarat district of Sudan's capital Khartoum on June 10, 2021.

Petrol prices in Sudan rose on Saturday by 90 Sudanese pounds to 760 pounds ($1.34) per litre, the country’s oil ministry said in a statement.

Diesel prices increased by 108 pounds to 748 pounds per liter.

There were repeated fuel price hikes last year as Sudan completed a process of phasing out subsidies on fuel, which is now meant to follow global prices, according to Reuters.

Sudan's annual inflation dropped to 192.21% in May from 220.71% in April.

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

The economic situation deteriorated since the 25 October 2021 coup. It also suffers a severe shortage in foreign currency.

Sudan continues to subsidize cooking gas and furnace oil, as well as wheat and medicines, although there are frequent shortages of those commodities. People wanting to fill their cars with gasoline or diesel must typically face long lines.



Saudi Ministry of Industry and Mineral Resources Eyes to Boost Non-profit Sector's Contribution to Mining

File photo of Saudi flag/Asharq Al-Awsat
File photo of Saudi flag/Asharq Al-Awsat
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Saudi Ministry of Industry and Mineral Resources Eyes to Boost Non-profit Sector's Contribution to Mining

File photo of Saudi flag/Asharq Al-Awsat
File photo of Saudi flag/Asharq Al-Awsat

The Saudi Ministry of Industry and Mineral Resources is creating with new initiatives to empower the non-profit sector and boost its contribution to the Kingdom's industrial and mining field.
According to SPA, endeavoring to align with the National Industrial Strategy and Saudi Vision 2030, the ministry has designed a comprehensive plan to enhance the sector's capabilities.

Key objectives include upskilling the workforce, attracting investments, expanding the range of services, and driving non-oil exports.
Currently overseeing five industrial associations, the ministry aims to leverage their expertise in research, training, and networking to support the overall growth of the industrial and mining sectors.