| 26 February 2024, Monday |

Lebanon faces another fuel price surge

A table featuring fuel prices for this week has revealed a new price surge; the price of 98 octane fuel reached as much as 32,200 LBP after an increase of 1,700 LBP while that of 95 octane fuel reached 31,200 LBP after a surge of 1,600 LBP.

The price of fuel oil hit 21,400 LBP as it increased 800 LBP compared to the old price, according to the table.

The representative of fuel distribution companies in Lebanon, Fadi Abou Chakra, confirmed on Wednesday to “Voice of all Lebanon” radio that the recent fuel price surge comes in line with the global surge in oil price, which has hit $64 a barrel.

“It has nothing to do with lifting subsidies,” he added.