7 May 2007 - 14:59
  • News Code: 104031

Tunisia has increased domestic petrol prices by 4.5 percent, state news agency Tunis Afrique Presse reported on Sunday.

The move comes as an attempt to reduce an energy budget deficit that has widened due to soaring world prices, the government said.

 

The prices of lead-free petrol and two star petrol rose to 1.15 dinars ($0.890) per litre from 1.10 dinars.

 

A previous increase was announced in early July.

 

The government has budgeted 450 million dinars ($348.6 million) to subsidise domestic oil prices this year.

 

This increase in petrol prices is the seventh since February 2005.

 

Tunisia, an exporter, is also producing oil, covering 46% of its needs.

 

A $1 rise in imported oil prices adds 35 million dinars to the annual energy subsidy budget, officials said.

 

 

PIN/ARAB ONLINE

News Code 104031

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