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Libya Fuel Crisis Deepens
Libya's fuel crisis is related to the high cost of importing it, with monthly bills exceeding one billion dollars due to fuel smuggling into the black market both domestically and abroad, despite the "Brega" company pumping millions of liters daily. This situation is attributed to the significant gap between the subsidized fuel price, which does not exceed 0.150 dinars per liter, and the black market price that reaches up to 10 dinars in the south. Additionally, smuggling networks are among the largest sources of funding for armed groups. Continuing this situation drains the country's resources, even as oil revenues are expected to reach $40 billion by the end of the year. Nearly half of fuel imports are consumed by smuggling networks, further exacerbating the country's economic and security challenges. Solutions include improving oversight, closing smuggling routes, and shifting support to direct cash assistance.
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