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الوقائع الإخبارية
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الوقائع الإخبارية

2026-10-01T13:00:00.000Z

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Energy expert warns of costly winter and advocates austerity until 2027

Energy expert warns of costly winter and advocates austerity until 2027

Energy expert Amer Al Shoubaki warned of the repercussions of rising oil product prices on winter costs, emphasizing that increased fuel prices lead to higher heating, transportation expenses, and the cost of goods, thereby putting pressure on families and sectors reliant on diesel. He added that the recent increase added 50 dinars to every thousand liters of diesel used for heating, although stabilizing the prices of kerosene and gas somewhat alleviated the burden. He pointed out that the treasury is currently bearing 255 million dinars in fuel subsidies until the end of September, with public debt interest reaching $3.19 billion in the 2026 budget, alongside the U.S. Federal Reserve's rate hike. He called for the adoption of an emergency austerity budget until 2027, aimed at reducing government expenditures and providing direct support to the most needy families, along with studying measures to ease the tax burden on fuel products.

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