The Libyan Prime Minister Abdul Hamid Dbeibah expected on Tuesday that fuel subsidies would be removed in the middle or end of 2024, saying this could take place after convincing Libyans.

Dbeibah explained in a statement to CNBC Arabia TV channel that 40% of Libya’s budget goes to subsidies, adding that "it is not true that 40% of the Libyan people live below the poverty line. He also said his government has raised salaries by about 400% and 500% in some jobs.

The Prime Minister is participating in the World Government Summit in Dubai in the presence of a number of heads of states, governments and international organizations.