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Business

Petrol prices increase in Kurdistan

By Rudaw 5/9/2017
Kurdistan’s drivers are paying more to fill up at the pumps. Photo: Rudaw video
Kurdistan’s drivers are paying more to fill up at the pumps. Photo: Rudaw video
ERBIL, Kurdistan Region – Petrol prices have risen in the Kurdistan Region because of increasing transportation prices and blocking imports of poor quality petrol. Drivers, however, complain that the quality remains bad while prices move ever higher. 

“The increasing price of petrol has had a big impact on my work. We cannot increase our fares in response to the increasing price of petrol. We have to stick to the previous fares,” said taxi driver Karwan Ali.

Petrol prices started to rise nearly two months ago and owners of petrol stations predict that trend will continue. 

“Compared to the past when the price of petrol was cheap, many people were filling up their vehicles. In the past, they would fill their tanks with 50 liters, but nowadays they buy only 20 liters,” said Hogir Nasih, a petrol station owner.
 
The Kurdistan Regional government (KRG) has issued licenses to some businessmen to import fuel from Turkey, Iran, and the United Arab Emirates. The KRG also produces petrol locally in the Kar and Bazyan refineries.

Erbil’s governor said many factors are involved, including the return of Mosul to Iraq.
 

“Reducing crude oil coming from Baghdad to produce petrol for Mosul had its impact. Monitoring and organizing petrol imports have also had their impact. Delay in imports and petrol imports to Duhok province have also had their impact. We have spoken with the Council of Ministers and [prime minister’s chief of staff] Safeen Dizayee and called for a meeting with them in order to resolve this issue and prevent petrol prices from being played around with,” said Governor Nawzad Hadi.


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