Govt. cuts fuel oil prices

BAGHDAD / IraqiNews.com: Iraq’s oil ministry decided to reduce fuel oil prices by 100,000 Iraqi dinars to reach ID250,000 per ton, the ministry’s media spokesperson said on Sunday. “This decision was taken in an attempt to encourage the industrial sector that consumes this material,” Asim Jihad told IraqiNews.com news agency. He did not mention whether the oil ministry was planning to reduce prices of other oil derivatives. MH (P)/AmR 1