Media office of the Presidential Palace issued the following:

“President of the Republic, Michel Aoun, called on the Council of Ministers to convene exceptionally for the utmost necessity, in agreement with the Prime Minister, in a session devoted to addressing the repercussions and dangerous consequences of the causes that led to outage of all kinds of oil derivatives in the local market, based on Paragraph 12 of Article 53 of the Constitution.” .

The presidency added that President Aoun indicated in the invitation letter that “the governor of Banque du Liban insists on his stance, despite the laws and decisions that enable him to reverse his decision and re-provide support for oil derivatives, especially the financing card law, and the exceptional approval to open credits for the purchase of fuels on the basis of 3900 pounds instead of 1500 pounds to the dollar.”