Gasoline prices surge over 4000%
Economic expert Mukhtar Al-Jadeed criticized the immediate and comprehensive decision to increase fuel prices, noting that the price of gasoline rose from 15 piastres to 6 dinars, an increase of over 4,000%. He pointed out that no other countries have adopted such a model or issued statements from the International Monetary Fund to support it. He called for relying on the experiences of other nations or recommendations from international financial organizations. He also considered that trying to implement such a decision quickly harms the interests of Libya’s economy, which is among the weakest globally, describing those calling for it as rushing and speaking from an illogical standpoint.
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