The Lebanese used to alter fuel prices in accordance with the manipulation of the dollar’s exchange rate, until the consequences of the Ukraine war overwhelmed them, and the volatility became more pronounced.

Fuel costs, for example, have risen significantly in recent months, reaching LBP 23,000 for two canisters of 95-caliber and 98-octane gasoline, LBP 45,000 for a canister of diesel, and LBP 7,000 for a gas bottle.

Why did fuel prices soar that quick? Fadi Abou Chakra, a representative of gasoline wholesalers, joined us to answer this topic.