SAWT BEIRUT INTERNATIONAL

| 23 February 2024, Friday |

Fuel stock touched the red line, What did importing companies say?

Banks have informed the oil-importing companies that the Central Bank has approved granting these companies prior permissions to import gasoline at the exchange rate of 8,000 LBP.

Oil importers are ready to start the process of unloading the ships as soon as the Central Bank pays its obligations to these companies, which didn’t happen until now.

This situation will endorse the country in a more severe and dangerous fuel crisis after the stock of oil derivatives touched the red line, with outages witnessed in most companies and petrol stations.

    Source:
  • Sawt Beirut International