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VIDEO. Lebanon: the price of gasoline increases by nearly 70% at the pump

2021-08-23T18:41:16.666Z


Lebanon in the midst of an economic collapse on Sunday raised fuel prices by nearly 70%, signaling a further reduction in subsidies


One more hike for the Lebanese.

In two months, fuel prices have practically tripled since the central bank started cutting import subsidies in June.

According to the new price list published on Sunday by the National Information Agency ANI, that of unleaded petrol 98 and 95 increases by 67% and 66% compared to the last prices announced on August 11.

As for the household gas cylinder, its price increases by 50%.

Read also Lebanon: at least 28 dead in the explosion of a tanker

Due to shortages, many gas stations do not open and endless lines form in front of those accepting customers.

To clear customs, the authorities point the finger at smuggling to neighboring Syria, where fuel is sold much more expensive than on the Lebanese market.

The army has even launched searches and seized tons of fuel from gas stations or suppliers accused of storing it for speculative purposes.

For several weeks, the exhausted population has lived long hours without electricity and even hospitals have been threatened by the energy crisis.

About 78% of the Lebanese population now live below the poverty line, according to the UN.

Source: leparis

All life articles on 2021-08-23

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