Fuel price hike in Yemen increases pressure on people, cost of living rises

International Desk. PNN

Fuel prices have been increased again in war-torn Yemen. In government-controlled areas, the rise in petrol and diesel prices has raised concerns among the public as transportation costs and essential goods prices are expected to increase.

The Yemen Petroleum Company (YPC) announced that the price of petrol and diesel has been raised from 1,190 Yemeni riyals per liter to 1,475 riyals, an increase of nearly 24 percent.

The company said the decision was taken due to regional instability, particularly the Iran war situation, disruptions in shipping through the Strait of Hormuz, and increased transport and insurance costs. It also said prices may be reduced if conditions stabilize.

Abdullah Salem, a driver in Mukalla, said he has been forced to increase passenger fares due to the fuel price hike, but many passengers are unwilling to pay higher fares.

He added that even after long working hours, it is becoming difficult to manage household expenses. He now has to charge students more for monthly travel, while also increasing fares for regular passengers.

Economists warn that the fuel price increase may affect not only transportation but also food and other essential goods. They fear further price hikes if global fuel market instability continues.

Economic analyst Mustafa Nasr said that weak economies like Yemen are quickly affected by global market shocks, leading to worsening living conditions.

A university student in Mukalla said his family is facing financial difficulties, and his mother had to sell jewelry to cover education expenses due to irregular income.

Experts say ongoing conflict, economic crisis, and foreign dependence are pushing Yemenis into increasingly difficult living conditions.