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KRG natural resources ministry refuses New Generation gas import policy change proposal

A gas station in Erbil on October 23, 2021 (NRT Digital Media)
PM:01:57:25/10/2021

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SULAIMANI — Kurdistan Regional Government (KRG) Ministry of Natural Resources on Monday (October 25) refused to take delivery of a letter from the New Generation Movement calling for a policy change that would allow companies and other groups to import gasoline and sell it at a discount to address the current supply problems and price surge.

The change would have authorized the Movement and other groups to find sources of gas outside the Kurdistan Region and sell it for the 500 Iraqi dinars ($0.34) per liter that normal grade was selling for at the beginning of the year.

Drivers are now paying more than 900 Iraqi dinars ($0.62) per liter for normal grade gasoline in the Kurdistan Region.

On October 18, KRG Minister of Natural Resources Kamal Atushi claimed that the gasoline and heating oil problem is a temporary issue because of disruptions at refineries in Bazian in Sulaimani governorate caused by technical issues.

Gasoline prices are rising globally because increases in the price of crude oil.

(NRT Digital Media)