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Exemption of Misrata Free Zone from International Fuel Pricing

30-05-2022ยทู…ุฌู„ุณ ุงู„ูˆุฒุฑุงุกยทุงู„ู…ุงู„ูŠุฉ
Analysis
Summary

The Council of Ministers exempts Misrata Free Zone from Decision No. 159 of 2005, which mandates international pricing for aircraft and ship fuel at Libyan ports. The zone will now receive fuel at subsidized domestic prices rather than international rates.

Business Implication

This creates a significant cost advantage for operations based in Misrata Free Zone, particularly for logistics, maritime, and aviation-related businesses. Companies operating vessels or aircraft from this zone will benefit from Libya's heavily subsidized fuel prices instead of paying international rates. This preferential treatment may influence location decisions for shipping agencies, warehousing operations, and logistics providers considering Libyan free zone entry.

Key Provisions
Misrata Free Zone exempted from international fuel pricing regime under Decision 159/2005
Zone operators entitled to subsidized domestic fuel prices for aircraft and ships
Effective immediately from 30 May 2022
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