Yemeni Fighters Raise Fuel Costs

The Houthi group imposed a new increase on the prices of petroleum derivatives in their controlled areas, leading to a rise in the cost of living for millions of Yemeni residents who are already suffering from economic decline, diminished income sources, and unpaid salaries. The Houthi-controlled oil company raised the price of a liter of gasoline to approximately one dollar (525 Yemeni riyals), with the price of a tank of fuel increasing to about $19.6 (10,500 riyals), compared to $17.8 previously. The price of diesel also increased to around $1.07 per liter. This rise in prices is attributed to the group’s dominance over the oil market, monopolizing the import and distribution of fuel products, and channeling the revenues to fund their military activities. According to sources, they are earning millions of dollars daily from the fuel trade. As a result, transportation costs have escalated, negatively impacting the prices of basic goods and services, and pushing low-income families into severe living hardships amidst the absence of salaries and worsening economic crises.

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