Aden (South24 Center)

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Fuel prices in areas under the control of the internationally recognized Yemeni government have recorded a new surge. Official justifications link the hike to rising import costs and global market fluctuations.

In Hadramout, the price of imported gasoline rose to 1,550 riyals per liter, up from the previous price of 1,240 riyals—an increase of approximately 25%.

Imported Diesel, Rose to 1,520 riyals from 1,225 riyals (a 24.1% increase).

Refined Gasoline: Increased to 1,160 riyals from 1,010 riyals (a 14.9% increase).

In the capital, Aden, the Yemen Oil Company announced that the current price for both gasoline and diesel stand at 1,475 riyals per liter.

The company justified the increase by stating that fuel prices are determined by the global stock exchange, currency exchange rates, and transportation and storage costs.

The company claimed it had avoided raising prices in the recent period, asserting that the latest hike is a direct result of increased shipping and procurement costs during the current crisis. Furthermore, they stated that prices would be reviewed once new shipments arrive at lower costs.

The current fuel price in the South is approaching nearly $1 USD per liter. This relatively high level reflects ongoing economic pressures and the repercussions of regional conditions on energy costs and basic services.

Among the public, there are growing fears regarding the ripple effects of this surge on transportation costs and food prices, especially as purchasing power continues to deteriorate.

Notably, this increase comes despite a significant improvement in the local currency's exchange rate, which recovered from approximately 2,800 riyals to the dollar last August to around 1,550 riyals currently, without a tangible reflection of this recovery on the prices of goods and services.