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Fuel Price Increase in Yemen
Comparison of fuel prices per liter before and after the 24% increase.
Primary Sources
Yemen fuel price hikes deepen hardship as transport costs rise
Mukalla, Yemen – When Abdullah Salem raised his fare by 100 Yemeni riyals ($0.06) on a routine afternoon trip from the eastern outskirts of Yemen’s port city of Mukalla to the city centre, passengers pushed back immediately. “They shouted at me,” the 55-year-old driver told Al Jazeera as he prepared for another trip. “I told them it’s not my decision; it’s the government who have hiked fuel prices.”The Yemen Petroleum Company (YPC), controlled by the internationally recognised government, has announced a new round of fuel price hikes in areas under its administration, a move that analysts say could accelerate inflation and deepen economic hardship across the country.Recommended Stories list of 3 itemslist 1 of 3Does Trump hold ‘all the cards’ against Iran in the Strait of Hormuz?list 2 of 3It does not make sense to invest more Arab resources in a US alliancelist 3 of 3In Yemen, Starlink internet brings opportunities – for someend of listIn a statement posted on social media on April 16, filled with praise for the government’s efforts to stabilise prices and ensure the flow of fuel, the company said it had raised the price of petrol and diesel to 1,475 Yemeni riyals ($0.98) per litre, up from 1,190 ($0.79), representing a sharp 24 percent increase.It attributed the increase to regional tensions, including the Iran war, disruptions to shipping through the Strait of Hormuz, and a surge in transport and insurance costs for shipments to Yemen.In the same post, the YPC sought to ease public concern, saying the increase would be temporary and that prices would return to previous levels once regional hostilities subsided. “The company regrets having to raise prices and emphasises that the increase is temporary, contingent on the resolution of the Gulf crisis and a return to normal conditions,” it said.The company has since defended the fuel hikes, even as global oil prices have occasionally decreased amid hope of a possible deal between the United States and Iran. The prices would still have to rise, the company said, because it imports already-refined fuel with prices that are tied to global product markets rather than the cost of crude oil. It added that fuel is priced in local currency upon arrival in Yemen, based on the US dollar exchange rate at the time of purchase, in addition to transport and storage costs.Struggle to earn enoughBut for millions of Yemenis like Abdullah Salem, who work long hours and still struggle to make ends meet, the latest fuel hikes ...
Rising gas prices drive up transport costs, sending inflation to ... - WSET
by Charley VicarioMon, May 4, 2026 at 7:21 PMUpdated Mon, May 4, 2026 at 7:32 PM(WSET) — Rising gasoline prices have been the topic for weeks, and now they are affecting far more than just the pump-- it is reaching your dinner table. As gas prices rise, it costs more to transport food, and those higher delivery costs can trickle down to grocery stores and restaurants.Rising gas prices drive up food costs through supply chain (WSET)"It’s affecting the economy, it’s affecting households, it’s putting a big burden on the citizens," said Rodney Hubbard.David Bieri, associate professor of public policy at Virginia Tech, explained, “That’s how inflation transmission works.” He added that higher gas prices increase the cost of transporting food, and those costs move through the supply chain into grocery stores and restaurants.SEE ALSO: Average gasoline prices in Virginia have risen in the last week: GasBuddyAt Magnolia Foods, owner Adi McCauley said she is already seeing the impact of rising fuel costs in her restaurant. “I definitely have seen a surcharge increase, more so with our food deliveries," she said.McCauley said her delivery costs have jumped from $5 to $10 per delivery, and she believes it will add up over time. “We don’t want to increase prices, that’s the last thing we want to do, but we kind of have to roll with the changes," said McCauley.Bieri said, “Higher energy prices translate through the supply chain,” whether it is delivery prices or grocery prices through a variety of channels. He added that it could take months rather than weeks or days for consumers to see any relief.
YETI | Yemen Economic Tracking Initiative - ACAPS
The exchange rate and commodity price module provides policymakers with timely, accurate, and targeted information on economic trends and developments, focusing on exchange rates and commodity prices to support analyses and policies that help alleviate the economic and humanitarian situation in Yemen.
Middle East Fuel Shock Is Now Hitting U.S. Export Economics, Not Just ...
The story has moved from disruption to cost inflation The immediate backdrop remains the prolonged shipping and energy disruption tied to the Strait of Hormuz and wider Middle East conflict. But the operational signal in late April and early May is more concrete: carriers are continuing to update emergency fuel-related charges, and U.S. grain transport data now shows exporters contending with ...
