We’ve subsidized fuel, gov’t says

Author : | Published: Friday, December 18, 2015

The government says it has subsidized on fuel by raising the cost of a litter from six to 22 pounds after the devaluation of the pound.

In a statement, the Ministry of Trade, Commerce and Investment says the cost of each litter should have been about 36 pounds.

But the government subsidized it by 40 percent. Petrol stations have been directed to adopt the new prices starting today.

‘‘The government has already subsidized, the minister of finance will have 40 percent and then the government of South Sudan will subsidize 40 percent,” said Biel Jok, the undersecretary, at a press conference in Juba today.

“So this price of 22 will not be fixed. It will be changing…So this price of 22 may be determined by any rate of the dollars of every week.”

The national alliance of opposition political parties has called for the reversal of the devaluation, which the Central Bank and the Ministry of Finance announced early this week.

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