Private fuel sellers protest profit caps
Fuel dealers decry Oil Ministry policy restricting retail prices and limiting profits.
Owners of private fuel stations in Baghdad protest a reduction in profits outside the Iraqi Oil Ministry headquarters. (BEN LANDO/Iraq Oil Report)
BAGHDAD - Iraq's petroleum providers are crying foul over the Oil Ministry's caps on how much they can charge customers at the pump.
Gas station owners and other fuel sellers have staged protests outside the ministry in recent days demanding an end to the restrictions, claiming that their profit margins are too low. The government said the stations cannot increase the fuel price unilaterally.
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