| 8 December 2023, Friday |

Braks reassures Lebanese: Fuel available as long as sea route is “open.”

Member of the Syndicate of Gas Station Owners, Dr. George Braks, reassured the Lebanese in an interview with Voice Beirut International that at present, fuel, including gasoline and diesel, is available in the tanks of importing companies. There is no need to rush to gas stations.

Braks emphasized that as long as the sea route is open, fuel imports are proceeding as usual. However, he noted that they are closely monitoring developments, especially with the ongoing conflict in the region, which remains uncertain.

He acknowledged that Lebanese citizens, who have experienced difficult circumstances in previous wars and fuel shortages, naturally have concerns in case of security incidents affecting fuel availability and resulting in a rush to gas stations.

Regarding fuel prices, Braks pointed out that there might be a slight increase in prices due to insurance companies raising premiums on oil-importing companies. This is a normal practice, as insurance companies adjust prices in high-risk areas.

Braks also explained that fuel prices are influenced by the exchange rate of the dollar in Lebanon, which depends on several factors, including the impact of potential conflicts in the south. He noted that, at the moment, the exchange rate for the dollar is stable, so there will be no change in fuel prices.

  • Sawt Beirut International