Tunisia to phase out subsidies for refined oil products

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Tunisia to phase out subsidies for refined oil products

STORY: Tunisia to phase out subsidies for refined oil products DATELINE: Jan. 17, 2023 LENGTH: 0:01:00 LOCATION: Tunis CATEGORY: SOCIETY SHOTLIST: 1. various of a gas station in Tunis STORYLINE: The Tunisian government announced Saturday that it would gradually cancel subsidies for gasoline and diesel, and by the end of 2023, the prices of refined oil products in Tunisia will be synchronized with the international market. In 2022, due to the high oil price in the international market, the Tunisian government provided high subsidies for imported refined oil in order to maintain domestic stability, which caused a huge financial burden for the country. Last year, the prices of refined oil products in Tunisia increased by about 20 percent. However, the current prices of refined oil products are still significantly lower than that in the international market. Xinhua News Agency correspondents reporting from Tunis. (XHTV)

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