Categories: Gulf

The Lebanese government raised fuel prices in the midst of violence and roadblocks

Beirut: The Lebanese government raised fuel prices on Tuesday, after approving last week to effectively cut fuel subsidies, a measure aimed at reducing crippling deficiencies but which would increase pressure on poor consumers.
The average price of 95-octane gasoline is set at 61,100 Lebanese pounds ($ 40.58) per 20 liters, an increase of 15,900 pounds, or 35% higher, the Ministry of Energy said in a document.
Diesel prices are set at 46,100 pounds, up 12,800 pounds, or 38%, the document shows.
The Lebanon Central Bank said on Monday it would begin to provide credit lines to import fuel at 3,900 Lebanese pounds against the dollar, a weaker level of 1,500 pounds offered under the subsidy program.
However, the dollar changed hands around 16,700 pounds on Tuesday in the parallel market, said one market participant.
Lebanon in the upheaval of the financial crisis described by the World Bank as one of the deepest depression of modern history.
The driver has queued for hours to get gasoline that almost no past few weeks that often lead to cruel fighting.
Sporadic barriers throughout Lebanon, with several protesters blocking the highway by burning garbage containers, it has spread in the past few days because frustration has grown, according to a witness Reuters.
($ 1 = 1.505.7000 Lebanon pounds)

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

SonÄ«pat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago