Gasoline Prices Drop for 2nd Week in a Row
Gasoline prices dropped on Wednesday for the second week in a row after a sharp rise in fuel prices in the past weeks.
Energy Minister Jebran Bassil signed the weekly fuel price updates that witnessed a LL700 drop after another LL200 decline last week following a record-breaking LL40,000 for the 98-octane graded fuel.
The price of the 95-octaone graded fuel now stands at LL38,400, while the 98-octane graded fuel is now selling at LL39,100.
The prices of diesel also witnessed a slight drop of LL200, reaching LL28,700.
The General Labor Confederation announced a general strike on Thursday in protest against the government’s policies regarding living conditions in Lebanon.
Head of the GLC Ghasan Ghosn said on Tuesday that the laborers’ salaries are being “eaten up by the surging fuel prices.”
He demanded the cabinet to eliminate the taxes on fuel which are increasing the cost of consumer goods.
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