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KPC: Reports of cuts in gasoline subsidies "untrue"
19/01/2016 | LOC16:37
13:37 GMT
| Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط
Kuwait Petroleum Corporation (KPC)
Kuwait Petroleum Corporation (KPC)
KUWAIT, Jan 19 (KUNA) -- The spokesman of the Oil Sector Sheikh Talal Al-Khaled Al-Sabah denied on Tuesday the veracity of reports alleging imminent "cuts in gasoline and kerosene subsidies." In a press statement, Sheikh Talal Al-Khaled quoted Chief Executive Officer of Kuwait Petroleum Corporation (KPC) Nizar Al-Adsani as saying the reports are "untrue." The government is weighing various options to cope with plummeting oil prices, amongst them is a review of energy subsidies in the local market, Sheikh Talal Al-Khaled said.
Bearing optimal living conditions in mind, the government, in conjunction with the National Assembly, will find the best possible solution, he noted. (end) jk.nam
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