Al-Shoubaki: Fuel price hike not inevitable
A study by economist Amer Al-Shobaki urges the government not to impose any new increases on the prices of petroleum derivatives during the upcoming month. He emphasizes the need to disclose the true cost of each product before taxes to enhance transparency. He believes that the global rise in oil prices and escalating tensions between the United States and Iran impose additional burdens on imports, but clarifies that setting the local price is not automatic and requires a political and economic decision. He also confirms that the taxes levied on fuel are not proportional to citizens' ability to pay. He calls on the government to be more transparent in setting prices, to protect citizens' incomes from the impact of rising energy costs, and to share part of the financial burden with the government when necessary, all while maintaining price stability for 90-octane gasoline and diesel.
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