Reasons for gas price decrease amid crises

Gas prices in Lebanon have decreased over the past few weeks, despite rising prices for gasoline and diesel due to regional tensions in the area, especially in the Strait of Hormuz. The head of the Gas Workers Syndicate, Farid Zaynoun, attributes this decline to the natural decrease in demand for gas as summer approaches, since consumption drops due to higher temperatures. He confirmed that the price of a gas cylinder has increased by 30,000 Lebanese Lira according to the approved pricing mechanism, which is linked to import costs and global fluctuations. He explained that stock levels in Lebanon are sufficient and available to meet market needs, calling on citizens to refill their cylinders timely and to avoid rumors. While consumption continues to decline during the summer, a rise in prices is expected in winter due to increased demand for heating and household uses.

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