Minister of Supply: We will reduce the price of oil as...

Minister of Supply: We will reduce the price of oil as...
Minister of Supply: We will reduce the price of oil as...

Dr. Ali Moselhi, Minister of Supply The ministry is negotiating with the Ministry of Agriculture about setting the price for importing wheat and receiving it from farmers in line with international prices, while the price of sugar will start next January, and we have a balance that covers the needs, pointing out that the strategic reserve is stable and moving prices if it happens will be relative and linked to international prices.

The minister added, during the press conference now being held at the ministry’s headquarters to reveal the state’s plan to control commodities, that expectations indicate that commodity prices are stable during the first quarter of next year, while calm returns in the second quarter of next year, pointing out that in the event of a decline in global prices. we will lower oil price as it was.

Moselhi stressed that 40% of the Ministry’s acquisition of blended oil production and 60% for the benefit of the private sector, and due to the global increase in the price of raw materials, we were forced to move the price so as not to harm the private sector owners, knowing that the cost of a ton exceeds 25 thousand pounds, so the price of a bottle will increase Oil from the beginning of next November 25 pounds per liter and 20 pounds 800 grams.

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