High oil prices put Tunisia under huge financial pressure: minister

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High oil prices put Tunisia under huge financial pressure: minister

STORY: High oil prices put Tunisia under huge financial pressure: minister DATELINE: Aug. 4, 2022 LENGTH: 00:00:47 LOCATION: Tunis CATEGORY: ECONOMY SHOTLIST: 1. various of gas station in Tunis STORYLINE: Tunisian Minister of Industry, Mines and Energy Naila Nouira Kanji said on Tuesday that high oil prices have brought huge financial pressure on the Tunisian government. The minister said that the Tunisian government has formulated a budget for 2022 with an international oil price of 75 U.S. dollars per barrel, and planned to provide energy subsidies of 2.9 billion Tunisian dinars (about 960 million U.S. dollars) for its citizens. However, the current international oil price remains high and the subsidy will exceed 8 billion dinars (about 2.96 billion U.S. dollars), which greatly exceeds the budgeted amount and the government cannot afford it. She added that the government will guarantee energy subsidies for low-income people, and speed up the development of public transport while raising refined oil pr

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