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Parliamentary oil: raising the prices of derivatives in the 2023 budget is unfair to citizens
Iraq 04/01/2023
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The Oil, Gas and Natural Resources Committee in the House of Representatives considered the decision to raise the price of oil derivatives in the 2023 budget unfair to a wide segment of society, while citizens expected the decision to be an incentive to replace gas systems to power their cars instead of gasoline.
Committee member Bassem Al-Gharibawi said in an interview with Al-Sabah: This procedure is supposed to be preceded by solutions, including helping the citizen, especially those with a low standard of living, since the procedure indirectly harms the poor and fragile groups in society, stressing the existence of other alternatives for countries in case they wish to support revenues instead of raising the prices of oil derivatives.
He stressed that raising the prices of oil derivatives will raise the prices of food commodities in addition to transportation fees, which will burden the simple citizen with additional burdens, pointing to the need for an extensive study to be conducted to ensure the right of the vulnerable and poor groups after the decision to raise oil derivatives in the budget.
For its part, the Iraqi Political Economic Center warned of the repercussions of imposing taxes and fees on the prices of gasoline, kerosene and oil refinery products within the 2023 budget, according to its director, Wissam al-Hilu.
He explained, in a statement received by Al-Sabah, that there are indications that the draft budget of 2023 includes fees of five percent on the quantities of gasoline and kerosene sold to citizens, with a similar tax imposed on Iraqi refinery products, and 15 percent on the value of what is sold of imported derivatives, which will add costs. An additional burden that burdens the citizens and causes an economic downturn in the country, the price of which will be paid by the private sector due to the dependence of the majority of laboratories and factories on oil derivatives.
In the same context, citizens warned, in interviews they gave to "Al-Sabah", of the seriousness of this decision and its severe damage to a wide segment of society. Muhammad Nassif said: The citizen rejoiced well after the reduction in the prices of gasoline in the year 2020, in its regular and improved categories, but he was surprised by the decision to raise its price in the 2023 budget, which will lead to economic consequences that will harm a wide segment of citizens, indicating that the decision will raise the prices of derivatives. Oil prices have doubled, although Iraq is an oil-producing country, and therefore it does not suffer, like others, from a shortage of supplies.
On the other hand, Nawar Hussein expected that the decision would force citizens to use the gas system for their cars and abandon its gasoline-powered counterpart, as the system is environmentally friendly and available at reduced prices at fuel filling stations, not to mention that it will reduce pollution, although the procedure will cost additional sums for car owners to convert the system. From gasoline to gas.
Edited by: Mostafa Majeed
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