Yemen Monitor / Newsroom:
The Reconciliation and Settlement Committee in the Socotra Archipelago Governorate has issued a statement warning the UAE’s ADNOC company, the exclusive supplier of petroleum derivatives and cooking gas on the island, against failing to comply with the new official pricing issued by the Yemen Petroleum Company.
In its statement, the committee demanded that the UAE company immediately respond by lowering the prices of both gasoline and diesel, in accordance with the official price list recently announced by the Yemen Petroleum Company, which coincides with an improvement in the Yemeni rial’s exchange rate.
The committee has given ADNOC a deadline of next Wednesday, August 6, 2025, to comply. It warned of escalating measures if the demands are ignored, including closing all fuel stations in Socotra and enforcing sales at official prices without exception.
The statement emphasized that these actions are being taken “to protect the rights of citizens and to account for difficult living conditions,” holding the company fully responsible for any tension that may arise from its refusal to comply.
The Yemen Petroleum Company in Aden had approved a reduction in fuel prices by 1,000 riyals per liter, equivalent to 20,000 riyals for a 20-liter container, with the decision taking effect on Friday evening.
Sources within the company indicated that further reductions may be announced later if the Yemeni rial continues to improve against foreign currencies.
The Reconciliation and Settlement Committee in Socotra was formed in July 2024 through an initiative by the sheikhs and dignitaries of the governorate, with the aim of preserving social peace and community balance in the archipelago.
UAE companies have monopolized the provision of essential services (electricity, fuel, and gas) and other services in the Yemeni Socotra Archipelago since the island fell to the UAE-backed STC in June 2020.
