The Libyan government clarified in a statement on Tuesday that the Price Stabilization Fund has re-priced essential subsidized goods, after eliminating the fund’s profits and transportation and handling costs, aiming to alleviate burdens on citizens, in implementation of the directives of the General Commander of the Libyan Arab Armed Forces, Marshal Khalifa Belqasim Haftar.
In implementing these directives, Mohammed Abu Al-Qasim Al-Buwaishi, Chairman of the Board of Directors of the Price Stabilization Fund in Benghazi, issued a letter to the fund’s branch managers, outlining the new reduced prices for essential subsidized goods, according to the pricing committee’s estimates. will be sold to citizens through consumer cooperatives
The reductions included:
- Sunflower oil (850 ml) to 3.75 dinars from 5 dinars.
- Tomato paste (400 grams) to 2.75 dinars from 3 dinars.
- Rice (per kilogram) to 2.75 dinars from 3.25 dinars.
- sugar (per kilogram) to 2.75 dinars from 3 dinars.
- Flour (per kilogram) to 1.75 dinars from 2 dinars.
The Price Stabilization Fund specified the individual citizen’s share of subsidized goods for Ramadan as two units each of sunflower oil and tomato paste, and 2 kilograms each of rice, sugar, and flour per person.
In a related context, the Economy and Trade Control in Benghazi previously began surveying consumer cooperatives to organize the sale of subsidized goods. The control has completed correcting the data of 75% of the cooperatives, which number over 490 in Benghazi and its surrounding areas, while 192 cooperatives are still in the process of settling procedures, according to a statement by Milad Zanqi, head of the consumer cooperative survey committee in Benghazi, to the Libyan News newspaper this week.
