Spain takes emergency measures in face of rising oil prices

10:56, February 26, 2011      

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The Spanish government on Friday announced a series of extraordinary measures to combat an increase in fuel prices caused by uprisings in the Arab world and North Africa.

Measures to decrease the use of fuel in Spain were proposed at the cabinet meeting. The proposals will be approved next week and take effect on March 7.

The first decision is to reduce the speed limit on Spanish highways from 120 to 110 km an hour.

Meanwhile, a five-percent reduction in the price of local and middle distance trains was proposed by the government in order to persuade travelers to give up their cars.

Deputy Prime Minister Alfredo Perez Rubalcaba said "the objective is to lower the growth of our energy bill."

He said the measures, which will be temporary, were to "promote the use of public transport and save gasoline in that way."

Rubalcaba said Spain was not expecting problems with oil supplies, although Libya does supply 13 percent of Spain's petrol, while Egypt is the source of six percent of the country's gas.

Source:Xinhua
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