Central bank slashes gasoline subsidies again
The Central Bank and the Ministry of Energy have informed oil importing companies that gasoline subsidization will be lowered by another 15% as of the beginning of this week, LBCI TV reported on Monday.
According to the new scheme, the importing companies will now get 45% of their dollars through the Sayrafa platform and 55% from the black market. Under the previous scheme, they used to get 70% of their dollars via Sayrafa and 30% from the black market.
Many stations were closed on Sunday across Lebanon as queues of vehicles formed at the few open ones.
The Central Bank had slashed subsidization by 15% last week.
Source: Naharnet
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