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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    A new development “undermines” the justification for raising prices.. Will super gasoline be reduced

    Rocky
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    A new development “undermines” the justification for raising prices.. Will super gasoline be reduced Empty A new development “undermines” the justification for raising prices.. Will super gasoline be reduced

    Post by Rocky Sat 29 Jun 2024, 4:14 am

    [size=35][size=35]A new development “undermines” the justification for raising prices.. Will super gasoline be reduced after it is produced locally?[/size]
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    Alsumaria Special

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    2024-06-29 | 03:42
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    Al-Sumaria News - Special

    Two months have passed since the decision to raise the prices of improved and super gasoline came into effect after it was implemented for the first time on the first of last May, which led to raising the price of improved gasoline from 650 to 850 dinars, and of super from 1,000 to 1,250 dinars per liter.


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    The [url=https://www.alsumaria.tv/entity/1956186754/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7/ar/]Ministry of Oil[/url]’s justification for raising the price of gasoline was that the prices of improved and super are subsidized and their consumption rate is generally low, that is, they are consumed by “luxury car owners,” so the state loses hundreds of millions of dinars daily, or approximately a quarter of a trillion dinars annually, due to subsidizing these types of fuel. Because it is imported and not produced locally, it costs the state a lot of money.



    [You must be registered and logged in to see this link.] used to import more than 15 million liters of improved and super gasoline, but after the [You must be registered and logged in to see this link.] refinery was put into operation, imports decreased to 7 million liters per day, part of which is used to mix with jet fuel to produce regular gasoline, and the remaining quantities are sold directly as improved and super gasoline.

    While the initial justification was that super gasoline is entirely imported and costs the state 1,400 dinars per liter, the state raised the price of a liter of super gasoline from 1,000 dinars to 1,250 dinars, meaning that the state continues to sell this type of gasoline at a "loss."

    While the talk seemed logical, the [url=https://www.alsumaria.tv/entity/1956186754/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7/ar/]Ministry of Oil[/url] announced yesterday the success of producing super gasoline from the [url=https://www.alsumaria.tv/entity/3364450522/%D8%B4%D8%B1%D9%83%D8%A9 %D9%85%D8%B5%D8%A7%D9%81%D9%8A %D8%A7%D9%84%D8%B4%D9%85%D8%A7%D9%84/ar/]Northern Refineries Company[/url] for the first time at a rate of 3.5 million liters per day.

    The total consumption of improved gasoline in [You must be registered and logged in to see this link.] is 4 million liters, while the consumption of super gasoline is only between 1 and 1.5 million liters per day. This means that the current production should achieve two goals: the first is that [You must be registered and logged in to see this link.] has achieved a surplus in super gasoline, and that super gasoline has become locally produced and there is no need to import it, which means that its cost is supposed to be lower now, which raises questions about whether the state will return to reducing the price of super gasoline or not? And whether this development can be described as a "disguised end to government support", meaning that the cost of locally produced super gasoline will certainly be less than the cost of importing it and thus perhaps less than its selling cost of 1,250 dinars per liter, meaning that the support for super gasoline is supposed to have "disappeared".
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