The Ministry of Finance in the Government of National Unity refuted what was stated in the statement of the National Oil Corporation regarding the non-referral of financial allocations to the fuels account, stressing that this statement is contrary to the reality, which is proven through the official data and documents in the ministry’s archives regarding the referral of the approved allocations under Chapter Four of the fuel subsidy by the Ministry to the Central Bank of Libya.
The ministry explained that it referred the fuel subsidy allocations for the months of January, February, March and April for the fiscal year 2022 to the Central Bank of Libya. It noted that it is now in the process of preparing and referring the fuel subsidy allocations for the months of May and June to the corporation, due to the importance shown by the ministry to this aspect and what it represents in the operational and production process of the oil sector.
The Ministry of Finance emphasized the role that the oil sector plays in general in advancing the national economy and giving it its full attention regarding the subject matter of the National Oil Corporation’s statement, calling on those in charge of the management of the Corporation to investigate the accuracy and the necessary professional care regarding the official statements issued by it.
The National Oil Corporation had issued a statement in which it indicated that the Ministry of Finance had not committed to transferring the financial allocations to the fuels account since six months of this year, which negatively affected the export rates and the inability to meet the demand for fuels, which was totally denied by the Ministry of Finance.