Close Menu
    Facebook X (Twitter) Instagram
    Thursday, May 22, 2025
    961
    Instagram Facebook LinkedIn TikTok
    • Breaking News
    • Guides
    • Food & Drink
    • Listicles
    • Join the Team
    • Whatsapp
      • 961
      • 961 News
    • AUB Outdoors ☀️
    Advertise with Us Get the App
    961
    Home»News»Lebanon News
    Fuel Importing Companies In Lebanon Are Not Supplying Fuel Because They Are "Lost"
    Anwar Amro
    2 Mins Read

    Lebanon’s Fuel Importers Aren’t Supplying Fuel Because They’re “Lost”

    By Jad El DilatiAugust 14, 2021
    Facebook WhatsApp Copy Link

    Fuel importing companies in Lebanon do not know if they should supply fuel to the market or not because they have been in a state of “loss” since Banque Du Liban’s announcement of lifting fuel subsidies.

    In a statement released on Thursday, the Association of Petroleum Importing Companies in Lebanon claimed that the Ministry of Energy and Water asked them to price fuel at the 3,900 LBP/Dollar exchange rate while Banque Du Liban asked them to do so at the black market rate (around 20,000 LBP/Dollar).

    Due to this confusion, the group requested clarification from the Ministry about which price to use but have not gotten any answer yet. This created a state of loss among the companies who “do not know what to do” according to the Head of the Syndicate of Owners of Petroleum Importing Companies, George Fayad.

    The companies also do not clearly know whether BDL meant the black market rate or the “Sayrafa” rate which has added to their confusion.

    Fuel importing companies will not be supplying the commodity until a unified price between BDL and the Ministry of Energy and Water is announced.

    The remaining amount of fuel is expected to last for three days at most after which the crisis will deteriorate even more.

    Lebanon
    Share. Facebook Twitter LinkedIn WhatsApp Reddit Email

    For You

    visa whish money partnership

    Visa and Whish Money Just Partnered To Push Digital Payments in Lebanon and Abroad

    uae travel ban lebanon 961

    UAE Is Officially Removing The Travel Ban On Lebanon

    Lebanese talking-stage

    15 Things Your Lebanese Talking-Stage Will Tell You, And What It Actually Means

    Joe Issa El-Khoury 961

    Who is Joe Issa El-Khoury, Lebanon’s New Minister of Industry

    Tamara El-Zein 961

    Who is Tamara El-Zein, Lebanon’s New Minister of Environment

    Adel Nassar 961

    Who is Adel Nassar, Lebanon’s New Minister of Justice

    Ampere Cinema Reopens Its Doors In North Lebanon After 28 Years Of Absence

    20 Celebrities You Probably Didn’t Know Had Lebanese Roots

    April 22, 2019
    saint levant aub outdoors 2025 961

    Saint Levant Is Officially Headlining AUB Outdoors 2025!

    May 7, 2025

    Lebanon’s Shawarma Is Going Viral in The Philippines

    April 21, 2019
    dew apparel nada koussa miss lebanon 961

    Miss Lebanon Nada Koussa Just Launched A Sportswear Brand

    May 3, 2025
    Lebanese boutiques

    25 Boutiques In Lebanon To Find Your Dream Evening Dress This Wedding Season

    June 9, 2024

    20 Typical Lebanese Slang Expressions

    April 21, 2020
    arabic words

    30 Beautiful Arabic Words You Probably Want To Learn

    April 22, 2020
    nada koussa miss world miss lebanon 961

    Nada Koussa Just Left To Represent Lebanon At Miss World

    May 7, 2025
    Fitness Lebanon

    15 Top Gyms in Lebanon for Every Workout Style

    November 2, 2023
    961 Logo
    Facebook WhatsApp TikTok Instagram

    Popular Topics

    • Guides
    • Eat & Drink
    • Listicles
    • Lebanon News
    • Diaspora
    • Explained

    961

    • About
    • WhatsApp Channel
    • News WhatsApp Channel
    • Corrections Policy
    • Ownership & Funding

    Services

    • Advertise
    • Careers
    • App Waitlist
    • Contact Us
    • Newsletter
    961™ | All Rights Reserved ©2025
    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Okay