SAWT BEIRUT INTERNATIONAL

| 26 September 2022, Monday |

The expected increase of gasoline prices after lifting the subsidy

The head of the consortium of oil importers, Maroun Chammas, confirmed that there is no chaos in the sector because the goods are there, but there is a decision by the Bank of Lebanon and the Ministry of Energy to gradually lift subsidies on gasoline and it is being implemented.

Shammas, in an interview with “Voice of All Lebanon,” suggested an increase of about 70,000 pounds to the price of a can of gasoline in the event the subsidy is lifted and the black market dollar remains as it is.

He pointed out that when pricing is completely in dollars, the royalty of the station owners will be affected by the dollar exchange rate and the price of gas cans, and thus will rise, knowing that the cost of operating the stations has increased in light of the permanent power cuts and dependence on electric generators.

 

    Source:
  • Sawt Beirut International