Kuwait has no current plans to remove subsidies from gasoline and cooking gas.
The government recently instituted a Finance Ministry committee to determine ways to control the state’s liberal subsidization program which is proving expensive. This comes amid worries over the long-term effects of high expenditure on the national budget.
Based on recommendations made by the committee, the Kuwaiti government has decided to remove diesel subsidies; however companies and factories will have access to subsidized diesel from three state-controlled outlets, to avoid price inflation.
The committee also recommended a delay in the removal of subsidies on petrol and cooking gas, to avoid considerable price increases that will affect citizens directly.
A date has not yet been set for the implementation of these recommendations.
