21 Hrs
Source:
عين ليبيا
Libya's monthly fuel imports exceed billion
The statements by former Oil Minister Muhammad Aoun highlight the financial and economic repercussions of the rising fuel import bill in Libya, which has exceeded one billion dollars per month. This puts pressure on the national budget and threatens foreign currency reserves. Aoun confirmed that fuel smuggling networks are expanding amid the political division, raising concerns about the destination of the large quantities of imported fuel—especially given the absence of industrial projects that justify such high consumption. He warned that continued cost increases could force the Central Bank of Libya to deplete its reserves, especially since the country relies primarily on oil revenues to finance public spending.
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