Member of the of gasoline Station Owners’ Syndicate, Dr. Georges Brax, explained in an interview with the “National News Agency” that “the decline in fuel prices is caused by the decline in the dollar exchange rate in the price-installation table issued today by the Ministry of Energy and Water.”
Brax added that in the coming weeks, we can witness further declines in fuel prices in the event that the dollar price does not rise because international oil prices have witnessed declines.