19 Hrs
Source:
الاقتصادية
Libya Faces Power and Fuel Crisis
Libya is facing a severe crisis in electricity and fuel due to frequent power outages and rising temperatures. The country continues to rely heavily on generators and buy diesel from the black market at high prices. This crisis has caused significant financial losses for businesses, halted essential services such as water supply, and driven diesel prices up to approximately $1.70 per liter amid low government subsidies. Heatwaves, reduced gas production, and fuel smuggling have worsened the situation, exacerbated by weak infrastructure and breaches in oil supply, despite Libya possessing large oil reserves. These issues are broadly impacting the lives of citizens and the economy.
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