Libya plans 'smart cards' to cut fuel subsidies that boost smuggling


  • World
  • Friday, 18 Apr 2014

TRIPOLI (Reuters) - Libya plans to limit the costly subsidies its citizens enjoy when buying motor fuel - much of which is smuggled into Tunisia for resale at higher prices - by introducing a "smart card" system like one newly implemented in neighbouring Egypt.

The North African country's economy is burdened by subsidies for items from petrol to bread and airline tickets, which along with public salaries, eat up more than half of the budget.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Australian police charge five teenagers in Sydney cleric's stabbing
Thousands mark Anzac Day in Australia and New Zealand
Spain's Sanchez suspends public duties to 'reflect' on future
How streaming is boosting esports
Brazil's government submits rules to streamline consumption taxes
Roundup: U.S. crude supplies down, other petroleum data mixed
U.S. oil imports, exports up last week
Algeria, Tunisia, Libya agree to manage shared groundwater in Sahara
U.S. crude oil production unchanged last week
Ford Q1 net income drops

Others Also Read