GNC Official: Law for Changing Food Subsidy to cash Payment to be Endorsed.
Pulbished on:
Tripoli, 28 May 2105(Lana) The Chairman of GNC Planning Committee
Mohamed Emaz'eb has said that fixing prices of petrol and diesel
would be left to the Ministry of Economy and the National Oil Company
to decide.
The law for transforming state subsidy on food in favor of cash
payment to individuals, stipulated that the transformation process
should enter into effect a month after the law is endorsed, Emaz'eb
said.
Fixing prices of petrol and Diesel will only take place after
the cash payment scheme enters into effect, he added.
However, the General National Congress has decided to replace
subsidy with cash payment of LD 50 to every Libyan individual every
month.
=Lana=