KNPC has no plans to raise fuel prices.

Kuwait National Petroleum Company (KNPC) has no intention of raising fuel prices, according to the company's Spokesman Khalid Al-Asousi.

KNPC is conducting a study to determine the perfect fuel pricing in the country, Al-Asousi, also Deputy CEO for Support Services at the company told Kuwait News Agency (KUNA), adding that the current fuel prices cost Kuwait a big amount of money.

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The outcome of selling refined oil products in expected to exceed USD 42 billion for the fiscal year 2014-2015, set to end on March 31st, said Al-Asousi.

He also noted that it is currently hard to determine the company's profits for 2014 due to the drop in oil prices.The Spokesman recalled the recent developments in the new Al-Zour refinery which consists of five divisions.

 

Via : Kuwait News Agency (KUNA)

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