The Kuwait National Petroleum Company has issued new fuel prices that take effect on July 1, 2026 after a Cabinet review of subsidies, with the sole change being an increase for Ultra 98 gasoline. The company said the price of Ultra 98 will rise by 50 fils to 275 fils per liter. Premium 91 and Super 95 gasoline as well as diesel and kerosene will see no change in the three-month period running through the end of September. KNPC operates the network of filling stations where these rates will apply.
The KNPC announcement detailed the full price list as Premium 91 gasoline at 85 fils per liter, Super 95 at 105 fils per liter, diesel and kerosene at 115 fils per liter, and Ultra 98 at the new rate of 275 fils per liter. These figures represent the retail prices motorists will pay at the pump beginning tomorrow. The adjustment was approved by the relevant KNPC committee tasked with periodic subsidy assessments.
Kuwait has pursued gradual reform of energy subsidies since 2016 when major gasoline price increases were first introduced, according to contemporaneous reports from Reuters. The current mechanism involves quarterly evaluations to balance fiscal responsibilities with consumer needs. Similar reviews have resulted in stable prices for most of 2025 and into 2026 prior to this change.
According to KNPC’s 2023-2024 annual report, the company maintains 61 permanent filling stations plus several mobile units to serve local demand. Local marketing of petroleum products generated significant revenues for the firm in recent years. The report also noted the company’s refining capacity supporting both domestic supply and exports.
Regional neighbors have conducted their own fuel price announcements for July 2026, with the UAE reporting reductions in some grades after months of increases, a Times of India article stated. In contrast, Kuwait’s adjustment is limited to the premium Ultra 98 segment. The KNPC statement did not elaborate on broader market factors driving the decision.
