Report: Lebanon Fuel Prices Expected to Spike This Week
The vice president of the oil consortium in Lebanon, Dania Aoun, voiced expectations Monday that the oil prices could witness a new increase this week, media reports said.
Aoun told LBCI TV that fuel prices will spike in the next three weeks, noting that Lebanon is a country that imports fuel and is therefore affected by the rise in global markets.
The price of fuel oil could rise 600 LL, while Kerosene and diesel oil are both expected to jump LL300 per 20 liters, she said.
The 95 octane fuel now sells at LL35,200 while the 98 octane is selling at LL35,900.
Soaring fuel prices have exacerbated Lebanon’s already battered economy as rising production costs put more pressure on industrialists and farmers.
The transportation sector staged several strikes to protest the soaring fuel prices and demanded the cabinet to cap rising gasoline prices.
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://naharnet.com/stories/en/71419 |