Fuel Prices In Lebanon Just Increased For The 5th Time In Over A Month

Some Gas Stations Are Closed Because They Can't Display 5-Digit Prices
@mhmdhijazii

Lebanon increased its fuel prices on Wednesday, only five days after a previous hike, the National News Agency reported.

The new prices are:

  • 20 liters of 95-octane is 242,800 LL – increased by 9,000 LL
  • 20 liters of 98-octane is 250,700 LL – increased by 9,300 LL
  • 20 liters of diesel oil is 235,200 LL – increased by 8,600 LL
  • A tank of household gas is priced at 201,100 LL – increased by 22,300 LL

This is the 5th price hike after the Central Bank of Lebanon lifted fuel subsidies in August – now offering credit lines for fuel imports based on the market rate.

The subsidies, which drained the country’s reserves, were aimed to help low-income consumers. Instead, it created incentives for hoarding and smuggling.

Fuel Prices In Lebanon Just Increased For The 5th Time In Over A Month

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