The Yemen Gas Company has announced a reduction in transportation fees for gas tankers, aligning with the significant appreciation of the Yemeni rial against foreign currencies.
According to a statement by the company's Director General, Engineer Mohsen Bin Wahait, the decision aims to reflect the recent gains in the local currency's value.
The Yemeni rial has witnessed a substantial improvement, recording its largest gains in years, after a series of sharp declines that burdened citizens.
Banking sources confirmed that the exchange rate of the Saudi riyal has dropped to 250 riyals, down from 425 riyals, while the US dollar has decreased to 1,046 riyals, compared to over 1,600 riyals in recent days.
This move by the Yemen Gas Company is expected to provide relief to citizens and businesses amid the country's ongoing economic challenges. The reduction in transportation fees is part of the company's efforts to adapt to changing economic conditions and