Energy Minister: Adjusting tariffs with oil prices

Lebanese Minister of Energy, Jou Saade, confirmed that the government approved a plan to increase electricity tariffs linked to global oil prices. However, his proposal was not accepted due to the difficult economic conditions. He explained that the Lebanese Electricity Company (Electricité du Liban) owes the government approximately $250 million and requested to settle this amount in monthly installments of $50 million, with a formal pledge to do so; otherwise, he will explore other measures. It is expected that fluctuations in global oil prices will lead to changes in electricity tariffs in Lebanon, while the ongoing financial and economic challenges faced by the utility continue to require attention.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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