Atwasat

Dabaiba: The government's decision to lift fuel subsidies has been taken, and it is irreversible




Alwasat Staff Thu 11 Jan 2024, 01:03 AM
alwasat radio

Government of National Unity Prime Minister Abdulhamid Dabaiba annouced that "the government's decision to lift fuel subsidies has been taken, and it is irreversible."

Dabaiba added, during a meeting with the hydrocarbons committee on Tuesday, that international institutions, the Central Bank of Libya and regulatory bodies warned against continuing in the current situation, noting that the subsidies have reached 50% of the country's income.

On Monday, Dabaiba called on the committee to study fuel alternatives to provide choices to support citizens, stressing that the delay in addressing this file is unacceptable.

He also stressed the need to "clarify the project to the citizens in terms of its pros and cons, and the obstacles that stand in the way of its implementation".

In its annual report for 2022, the Audit Bureau presented its vision on addressing the issue of watsted fuel subsidies, giving two options: either to replace it with in-kind cash support or the regulation of fuel distribution.

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