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Economy News _ Baghdad
The Light Industries Company, one of the Ministry of Industry and Minerals formations, demanded, on Wednesday, Prime Minister Mustafa Al-Kazemi and Minister of Oil Ihsan Abdul-Jabbar to instruct the Oil Products Distribution Company to adopt the official price of fuel instead of the commercial price, noting that the current price threatens the "Made in Iraq" plan.
The company said in a statement that "Al-Iqtisad News" received a copy of it, "The Oil Products Distribution Company affiliated with the Ministry of Oil has set the commercial price for a gas oil product, at 700 Iraqi dinars per liter, for the Light Industries Company, instead of the official price of 400 dinars," referring to "This measure is inconsistent with the principle of encouraging national industry, and contradicts the Made in Iraq campaign supported by the Al-Kazemi government."
The company added, "The increase in fuel costs would cost the company annual losses, as well as raise the cost of Ishtar electrical products produced by the company," noting that "it was able, within a short period, to manufacture home appliances bearing (the Ishtar brand), which include refrigerators and mannequins. Freezers, cookers, heaters and other products. "
The company added, "We have great experience and capabilities from the skilled workforce, and our prices are encouraging and very appropriate compared to the prices of imported electrical appliances," expressing its readiness to "completely fill the market's need for electrical appliances."
The company called on Prime Minister Mustafa Al-Kazemi and Minister of Oil Ihsan Abdul-Jabbar to "reduce the price of fuel and work to encourage local industry, noting that" this provides hard currency for the country and creates many job opportunities for the unemployed.
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