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FINANCIAL NEWS
Tripoli suffers from petrol shortages
27 Apr 2011
(MENAFN) Libyan government spokesman, Mussa Ibrahim, stated that Tripoli suffered from serious petrol shortages which forced citizens to stand in long queues at pumps, reported Arab News.
Ibrahim also said that Qaddafi’s government reduced oil prices from USD0.163 per liter to USD0.122 per liter when the conflicts first started, but shortages were still endangering the country.
The spokesman added that the sanctions imposed by the UN which banned dealing with Libya’s National Oil Company also contributed to the shortage problem.
It is worth noting that Libya produced 2 percent of the world’s total oil supply before the war began, and thus its citizens, who had been used to subsidies from the state, are raging over the shortages.
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