(ANSA) - DAMASCUS, 07 AUG - The Syrian Ministry of Commerce has announced an increase in the price of petrol by about 130 percent, while the war-torn country faces fuel shortages and prolonged power outages.
The cost of a liter of subsidized fuel will therefore rise to 2,500 Syrian pounds, from the current 1,100, the ministry said in a statement cited by the official SANA news agency.
The cost of unsubsidized petrol will rise from 3,500 to 4,000 Syrian pounds, the ministry added.
It is the third time this year that the authorities have raised the price of fuel as the Syrian pound continues to appreciate.
The Syrian currency is traded at around 4,250lire per dollar on the black market, compared to an official rate of 2,814.
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