Algiers, Algeria – Naftal, the national oil company of Algeria, today announced the signing of a significant contract to import tires from Germany. This agreement marks a crucial step towards stabilizing the Algerian tire market and providing relief to consumers facing rising prices.
According to a statement released by Naftal, the initial phase of the contract involves the importation of one million tires. The company has outlined plans to progressively increase the volume of imports to an impressive 4.5 million units in subsequent phases. This ambitious target underscores Naftal’s commitment to addressing the existing supply gap and meeting the growing demand for tires across the country.
Naftal anticipates that this large-scale importation initiative will have a tangible impact on the price of tires in the local market. The company projects a substantial price reduction ranging from 35 to 55 percent. This significant decrease is expected to be a welcome development for Algerian consumers, particularly those who rely on vehicles for transportation and commerce. Lower tire prices will translate to reduced operational costs for businesses and more affordable transportation for individuals.
The move aligns with the government’s broader efforts to control inflation and improve the purchasing power of citizens. By ensuring a stable supply of competitively priced tires, Naftal aims to contribute to a more balanced and consumer-friendly market environment. The company believes that this agreement with its German counterparts will not only benefit consumers but also stimulate economic activity within the automotive sector.
This strategic partnership with a German manufacturer signifies Naftal’s dedication to sourcing high-quality products from reputable international suppliers. The company remains committed to fulfilling its role in supporting the national economy and ensuring the availability of essential goods at reasonable prices.
