Fuels See Price Increase

The Syndicate of Fuel Station Owners in Lebanon announces a new increase in fuel prices. The price of a 95-octane gasoline canister has risen to 2,679,000 Lebanese pounds, while 98-octane gasoline now costs 2,697,000 pounds, representing an increase of 49,000 pounds for each type. The price of a canister of diesel has gone up to 2,539,000 pounds, an increase of 52,000 pounds. The price of a gas cylinder remains unchanged at 1,190,000 pounds. This increase in prices is a result of higher import costs and the rising exchange rate of the dollar. The fuel market continues to be affected by Lebanon's ongoing economic challenges.

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