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Kuwaiti parliamentary committee OKs bill banning fuel price raise
February 19, 2017, 5:06 pm
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The parliamentary financial and economic affairs committee approved on Sunday a bill stipulating a ban on new financial fees for the State public services. Such fees must be applicable solely by law endorsed by the National Assembly, according to the bill which also revoked the recent decision to raise prices and rates of fuel, electricity and water.

The commission will submit a relevant report to the National Assembly for voting, said the commission rapporteur, MP Safaa Al-Hashem, in a statement to journalists.

MP Al-Hashem said the proposed law says in its first article, "fees cannot be raised on financial costs of the commodities and the services and the subsidized products provided by the State to the citizens except by power of a law issued by the National Assembly.

Moreover, she has also explained that the bill also says that fuel prices must be fixed at the levels that existed ahead of September 1, 2016, without retroactive effect. The bill second term annuls Law 20/2016 with regard of specifying the power and water rates.

Source: KUNA

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