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[BUSINESS] · Yemen · 2 sources

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Houthi authorities increase commercial electricity rates in Yemen

Houthi-controlled authorities in Yemen have implemented a second increase in commercial electricity tariffs within a single month. The electricity regulation council has set the price for commercial energy at 312 riyals per kilowatt-hour, up from previous rates ranging between 260 and 280 riyals, representing an increase of approximately 20 percent.

The authorities have justified the price hike by citing fluctuations in the US dollar exchange rate and the rising costs of diesel fuel. This decision follows recent increases in fuel prices, including gasoline and diesel, which have added to the financial pressure on residents and businesses.

Local residents and commercial sectors have expressed significant concern regarding the rising costs. Critics argue that the continuous price hikes for electricity, fuel, and various taxes are exacerbating the humanitarian and economic crisis in areas under Houthi control, where purchasing power continues to decline.

Entities

Electricity Regulation Council · Houthi · Yemen