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Libya considering alternatives to fuel subsidies

Mohammed Al-Huweij, Minister of Economy and Trade, and head of the ministerial committee handling proposals for lifting fuel subsidies in Libya discussed during a meeting on Sunday alternatives to fuel subsidies.

The meeting discussed proposals for alternatives to fuel subsidies and subsequent measures, detailing the pros and cons of each option.

Al-Huweij said the best alternative will be based on a comprehensive economic study of the government’s capabilities and people’s living conditions, adding that it should prioritize the purchasing power of people and then be of a light financial impact on the state’s treasury.

He added that the ministerial committee will consider the available alternatives that have positive impact on people and will study the proposals to see the way they can help the Government of National Unity limit smuggling fuel operations and better living conditions for citizen, adding that the meetings are held to review the alternatives and draft a final one to the Prime Minister’s office.

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