Iraq loses “five thousand billion dinars annually” for this reason..
Iraq loses “five thousand billion dinars annually” for this reason..
2022-04-04 08:12
Shafaq News/ The Ministry of Oil revealed on Monday, financial losses incurred by the state budget, amounting to five thousand billion annually, as a result of government subsidies for fuel oil.
The ministry said in a statement received by Shafak News Agency; The state budget incurs losses estimated at five thousand billion dinars annually as a result of not exporting all the produced quantities of fuel oil (black oil) or selling it according to the prices of the international bulletin, as well as allocating part of it to equip traders and (factory owners) at a subsidized price.
She added that the current price of a ton of fuel oil (black oil), according to the global bulletin, is (900 thousand dinars), while the oil products distribution company is preparing black oil for local factories and factories producing oxidized asphalt at a price of (300 thousand dinars) per ton. And for the owners of brick factories at a price of (100 thousand dinars) per ton.
shafaq.com
