| 27 February 2024, Tuesday |

Stock enough for ten days… and crazy soar up in fuel prices

The repercussions of the Russian war on Ukraine reached Lebanon, bringing the fuel crisis back to the fore. The stock of oil derivatives of gasoline is sufficient for ten days, and the stock of diesel for about five days, according to what Energy Minister Walid Fayyad indicated. As for the oil companies, they confirmed that the stocks of the two substances are only sufficient for a limited number of days.
The upward trajectory of fuel prices continues, as a result of the global price of oil barrel exceeding 118 US dollars, amid constant local anticipation of the dollar exchange rate in the black market, which is witnessing cautious stability at the threshold of 20 thousand Lebanese pounds.

In the face of soaring prices and the expected shortage of gasoline, what is the fate of the citizen?

Therefore, Lebanon suffers intensly, from an open-ended financial crisis, and massive repercussions because of the Russian war on Ukraine.

  • Sawt Beirut International