March 3, 2008

Tunisia lifts petrol prices to trim budget gap

Posted at March 3, 2008 11:41 AM in .
TUNIS, March 2 (Reuters) - Tunisia has increased domestic petrol prices by 4.16 percent to cut an energy budget deficit that has widened on soaring world prices, the government said on Sunday.

The price of lead-free petrol and two-star petrol rose to 1.250 dinar ($1.05) per litre from 1.200 dinar.

The previous increase was announced in October.

A $1.0 rise in imported oil prices adds 35 million dinars to the annual energy subsidy budget, officials said. (Reporting by Tarek Amara; editing by William Maclean and Erica Billingham) ($1=1.19 Tunisian dinars).

Via [Reteurs]

No surprise, everybody knew about the rises, but didn't knew when.

Via [Tunisia Oil and Gas News]

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