8 Hrs
Source:
الشرق الأوسط
Source: الشرق الأوسط
8 Hrsالشرق الأوسط
Source: الشرق الأوسط
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A proposal by Libyan House of Representatives Speaker al-Salihin Abdel Nabi to study shifting fuel subsidies from in-kind support to cash compensation has reignited debate. The House stressed, however, that the matter remains under consideration and will not be implemented until the studies are completed and the necessary safeguards are in place. Opponents warn that removing the subsidies, amid a weakening dinar, poor oversight and the absence of unified institutions, could drive up the cost of transport, bread and other basic goods, placing a heavier burden on low-income households. Supporters of a review argue that the current system drains public funds, encourages fuel smuggling and distorts prices. Total spending on subsidies reached 34.5 billion dinars in 2025, or 25.2% of public expenditure. It stood at 14.3 billion dinars in the first nine months of 2026, compared with 29.5 billion dinars over the same period in 2025—a decline of around 51.5%.
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