And the 20 per cent of households at the bottom of the income scale receive only 1 per cent of the subsidies. Industry also benefits substantially from the subsidy scheme. In 2011, one third of the total fuel oil (fiouls) subsidies of 4.5 billion dirhams (US$0,555 billion) went to the State-owned monopoly OCP (previously Office Cherifien des Phosphates) and private industry, and two-thirds to ONE, the National Office of Electricity.