56 Days
Source:
عين ليبيا
Fuel smuggling drains Libya's wealth, causing heavy losses for citizens
Businessman Hosni Bey stated that fuel smuggling causes significant economic losses in Libya, accounting for about 36% of oil and gas production and 40% of public spending. Its annual cost is approximately 72,000 dinars per Libyan family, with cumulative amounts reaching around 500,000 dinars over seven years. Statements indicate that this phenomenon worsens poverty, which affects more than 30% of the population, amidst ongoing discussions about reforming the fuel subsidy system to reduce smuggling and waste.
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