UAE Fuel Company Hikes Prices in Socotra, Public Outcry Grows

The UAE-based "Eastern Triangle" company, which monopolizes the fuel market in Yemen’s Socotra Archipelago, has suddenly raised fuel prices, sparking widespread public discontent amid the absence of government oversight or competing suppliers.

Local residents told Yemen Shabab Net that the price of a 20-liter jerrycan of gasoline or diesel rose from 50,000 Yemeni riyals earlier this week to 52,000 riyals. They warned that the increase is adding pressure on already struggling households.

LPG gas prices remain high as well. A large cylinder is sold for 60,000 to 63,000 riyals, while a small one costs around 33,000 riyals—with no price regulation or official intervention.

The fuel company continues to impose unilateral price hikes, taking advantage of the absence of state institutions and market competition. It retains full control over fuel imports and distribution in Socotra through local actors affiliated with the Southern Transitional Council.

Socotra’s residents are calling on authorities to reactivate earlier government directives to supply fuel through official channels and attract alternative investors to break the monopoly and ease the growing economic burden.

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