66 Days
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الشرق الأوسط
Support Invoice Revives Libya Fuel File Debate
Libya is suffering from a recurring crisis of fuel shortages and fuel smuggling due to the decline in subsidized gasoline prices. The fuel import bill is estimated at around $9 billion annually, attributed to ongoing smuggling activities and the low price of fuel compared to neighboring countries. The discussion revolves around gradually removing subsidies to reduce smuggling and replacing them with cash allowances. However, opponents warn that sudden measures could lead to increased inflation and higher living costs. The crisis is intensifying amid political and security divisions, with calls for in-depth studies to ensure fuel availability and minimize economic losses.
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