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SANAA, July 28 (Reuters) - The Houthi authorities who control much of Yemen, including the capital Sanaa, plan to let fuel prices rise in a sign of growing financial pressure on their administration since was broke out in March.
Prices of oil products will be allowed to move freely and linked to international levels, state news agency Saba reported late on Monday.
It quoted a statement by the Higher Revolutionary Committee, a body set up by the Houthis to run the country after they effectively seized power last year. The statement did not say when the change would take place.
In the past, fuel prices in Yemen have been kept well below international levels by big government subsidies. When President Abed Rabbu Mansour Hadi attempted to slash subsidies and raise prices in July last year, it triggered anti-government protests that helped the Houthis push Hadi and his forces out of Sanaa.
(Reporting by Mohammed Ghobari, Writing by Sami Aboudi and Andrew Torchia; Editing by Angus MacSwan) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
Prices of oil products will be allowed to move freely and linked to international levels, state news agency Saba reported late on Monday.
It quoted a statement by the Higher Revolutionary Committee, a body set up by the Houthis to run the country after they effectively seized power last year. The statement did not say when the change would take place.
In the past, fuel prices in Yemen have been kept well below international levels by big government subsidies. When President Abed Rabbu Mansour Hadi attempted to slash subsidies and raise prices in July last year, it triggered anti-government protests that helped the Houthis push Hadi and his forces out of Sanaa.
(Reporting by Mohammed Ghobari, Writing by Sami Aboudi and Andrew Torchia; Editing by Angus MacSwan) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
