Decision No. 78 of 2023 on Kerosene Pricing

The Ministry of Economy and Trade establishes international market-based pricing for kerosene used in commercial, industrial, and export manufacturing activities. Pricing will follow Mediterranean Basin Platts Market Scan quotations, replacing any previous fixed-price regime. The National Oil Corporation will coordinate distribution.

Foreign manufacturers and industrial operators using kerosene as fuel or feedstock now face market-linked pricing exposure, eliminating any prior subsidy advantage. This creates cost volatility tied to Mediterranean Platts benchmarks—currently relevant for chemicals, ceramics, and export-oriented manufacturing. Companies should immediately review energy cost assumptions in pro formas and supply contracts, particularly those relying on kerosene as primary input. This represents Libya's broader trend toward subsidy rationalization.