Sudan scraps fuel subsidies in IMF-backed reform ...Kuwait

News by : (The New Arab) -
Sudan has ended fuel subsidies as part of an IMF-backed reform programme, state media reported Wednesday, doubling pump prices at the risk of stoking popular discontent. The decision, issued by the finance ministry late Tuesday, saw the price of petrol shoot up from 150 to 290 Sudanese pounds per litre, while diesel went up from 125 to 285 pounds. "The prices will be subject to periodic review according to the dollar's indicative price," the state SUNA news agency reported. The move will allow Sudan's government "to establish a mechanism for state institutions and the private sector to deal with international financial institutions," SUNA said. It quoted the ministry

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