| 1 December 2023, Friday |

Complete dollarization of gasoline

There has been a lot of talk recently about the repercussions of the decision to “dollarize” gasoline and lift subsidies on this basic substance, which sparked widespread controversy between supporters and opponents of such a step, while it is confirmed by the consensus of many economic experts that its repercussions will be dangerous on the national economy and will lead to a deepening of the economic crisis. more and more.

This measure would raise prices, but by a small percentage due to the decline in international oil prices, but it is a prelude to the full dollarization of gasoline, which will constitute an additional living burden on the Lebanese, especially since all sectors will be negatively affected by this measure in terms of the rise in all prices, especially if it is accompanied by a continued rise dollar exchange rate.

The question that arises is, can the citizen bear an additional burden of living?

So the Lebanese citizen is doomed to live every day for his day, as he used to wake up every day to a new crisis, sometimes losing his livelihood, and at other times forcing him to park his car due to the high cost of gasoline, and his income remaining the same according to the new decision of the Banque du Liban.

  • Sawt Beirut International