The Director of the Commercial Department at the Ministry of Economy, Mustafa Qadara, said that they submitted a proposal to the government to partially subsidize 3 commodities, which are wheat, rice and edible oil during the 2022 budget.
Qadara added in a statement to Al-Araby Al-Jadeed that the value of the proposed support will be 40% of the commodity, because the rise in wheat prices globally has greatly affected the loaf of bread, and rice has witnessed a significant increase during the past months by up to 75%, as well as cooking oil.
Qadara explained that the prices at the present time do not match the purchasing power of the dinar, and that the ministry is seeking to establish a grain stock, through which the flour will be distributed with government support by 40%, in order to provide a food stock for Libya while monitoring prices.
Last November, the Ministry of Economy and Trade issued a decision to determine the prices of some food commodities that the citizen needs on a daily basis and assigned the municipal guards, judicial control officers and the competent authorities to take legal measures against the violators and refer them to the competent authorities.
