Dubai:
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) on Sunday, adding that the current fuel prices cost Kuwait a big amount of money.
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.
