Today, Thursday, the Lebanese Ministry of Energy released a new fuel price chart that showed a significant increase in prices against the back of a rise in the dollar on the (parallel) black market.
According to the price table, the price of 95 octane petrol has increased by £40,000 and 98 octane by £42,000, the price of diesel has increased by £41,000 and the price of a LPG bottle has increased by 26,000 Lebanese pounds. .
Liquid fuel prices became as follows: 95 octane canister: 1,200,000 pounds, 98 octane canister: 1,228,000 pounds, diesel fuel canister: 1,238,000 pounds, gas tank: 760,000 pounds.
Notably, Lebanese fuel prices have been pegged to the parallel black market since September 2022, after the Central Bank decided to completely stop providing dollars for fuel imports.
Source: RT
