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Petroleum Authority Reveals True Fuel Costs
A report reveals that the decision by the Automatic Pricing Committee to keep petroleum product prices stable is a cautious move, as it does not reflect the actual increase in production costs, which rose between 30% and 50% during the last quarter. The true cost of gasoline is approximately 35 pounds, while diesel reaches about 37 pounds. Experts confirm that the rising fuel costs, combined with the government's continued efforts to maintain prices, could lead to an increase in government subsidies from 15.8 billion to around 25 billion pounds, thereby threatening the budget. Estimates suggest that implementing any price hike at this time could have negative impacts on the industrial, transportation, and commodity sectors, while the government is betting on market stability and reducing tensions.
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