Sudan Raises Prices of Gasoline, Diesel

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

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

Sudan's energy ministry raised the price for car petrol to 620 Sudanese pounds ($1.07) per liter from 522 pounds per liter, it said in a statement on Thursday.

It raised the price for diesel to 720 pounds per liter from 672 pounds, it said.

The Ministry said the decision came as part of its monthly revision policy based on international prices of petroleum products.

Meanwhile, Minister of Finance and Economic Planning, Jibril Ibrahim, said on Wednesday that the government is borrowing limited sums of money from the Central Bank, but was still able to control inflation.

The Sudanese economy has been in crisis for years. However, the economic collapse deepened since the military seized control in a coup in October 2021, halting a transition towards democratic elections following Bashir's overthrow in a 2019 uprising.

Meanwhile, western governments have suspended crucial aid in addition to a debt restructuring program that is supervised by the International Monetary Fund (IMF).

Asked about the amount of local currency printed by the Central Bank, Ibrahim said: “Not much. We have a ceiling and fortunately we have not reached that limit.”

Ibrahim told Reuters on the sidelines of the COP27 climate talks in Egypt, that Sudan is borrowing within the limits set by the IMF.

“This is not negatively affecting inflation or the exchange rate,” he said.

International lenders and western donors said economic support to Sudan would resume once a civilian government is established.

Lately, Sudan's military leaders have submitted notes on a draft constitution as a basis for talks under international mediation.



Syria, World Bank Discuss Tools to Support Syrian Economic Recovery

People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)
People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)
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Syria, World Bank Discuss Tools to Support Syrian Economic Recovery

People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)
People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)

Members of the Syrian government and a delegation from the World Bank discussed in Damascus tools to support Syria's economic recovery, the Syrian foreign ministry said on Wednesday.

Sources told Reuters on Saturday that Syrian officials are planning to attend the annual spring meetings held by the International Monetary Fund and World Bank in Washington, D.C. this month, which would be the first such visit in at least two decades.

Syria has around $15 million in arrears to the World Bank which must be paid off before the international financial institution can approve grants and provide other forms of assistance.

But Damascus is short of foreign currency and a previous plan to pay off the debts using assets frozen abroad did not materialize, according to two people familiar with the matter.

A technical delegation from the World Bank met with Syria's Finance Minister Mohammed Yosr Bernieh on Monday, according to the Syrian state news agency Sana.
The meeting, which was the first public meeting between the Syrian government and the World Bank, included discussions on strengthening financial and economic ties between the two sides.
Bernieh also highlighted the negative effects of the international sanctions imposed on Syria and policies of the former regime on the country's financial and banking sector.