government

Subsidy: Gov't plans phased approach to attain real prices

June 6, 2022

TAP) - The Tunisian government plans to implement a new system to direct the subsidy to those who need it and adopt a phased approach to regulate prices over a 4-year period (from 2023), while deciding a gradual revision of the price of LPG gas cylinder for consumption from 2023.

This government approach was presented in a document on 'Monitoring the implementation of the reform programme', released after the government meeting held on Friday evening in Dar Dhiafa, Carthage.

The document unveiled the broad lines of the reform of the subsidy of commodities whose amount is up following the Russian-Ukrainian war.

In this regard, the government stressed that as part of its efforts to develop the performance and efficiency of the public sector, it is planned to adopt the principle of automatic registration to allow all families to benefit from financial transfers and raise awareness among citizens on the benefits of migrating to a new system to fight against monopoly, speculation and smuggling.

On another front, the government plans, as part of the rationalisation of hydrocarbon subsidies, to attain real prices of liquefied gas cylinders for consumption by 2026, with the adoption of support measures. The latter consist in developing a program of financial transfers as part of the reform of the subsidy system of basic products.

The document also points to the liberalisation of the import of petroleum products as soon as the real prices are in force, while preserving the role of the Tunisian Company of refining industries (STIR) in securing supply and developing storage capacity, besides rationalising the consumption of petroleum products and the gradual adjustment of electricity and gas prices while taking into account the situation of vulnerable groups.

tap.info

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