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.

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