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الحقيقة الدولية
Hashem 'Aql: Government owes 224 mln dinars in oil gap
The government faced significant costs due to the rise in global oil prices, having borne approximately 224 million dinars up to the end of August as a result of price differences caused by efforts to absorb the shock of rising prices. The government relies on 30-day average international oil prices to determine local prices, aiming to reduce the impact of sharp fluctuations. It has adopted a policy of stabilizing petroleum product prices rather than increasing them directly, balancing consumer support with the cost of government subsidies. The price per barrel continues to rise and has now reached around $107, due to disruptions in shipping and supply movements. Global oil inventories continue to decline, putting pressure on the international market and maintaining an upward trend in oil prices.
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