dropped The price of fuel today in Lebanon, Tuesday, December 6, 2022, according to the prices announced by the Ministry of Energy and Water at the beginning of morning trading.
This comes following the significant rise in the prices of gasoline and diesel, which the markets witnessed in Lebanon during the past few days, in light of the significant rise in the prices of the US dollar, which exceeded the barrier of 30,000 pounds per dollar, before it decreased once more following the intervention of the Central Bank of Lebanon.
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Gasoline prices today in Lebanon
The fuel prices came according to the schedule announced by the Ministry as follows:
First: A can of 98-octane gasoline reached 802 thousand pounds, compared to 832 thousand pounds.
Second: A can of 95-octane gasoline reached 784 thousand pounds, compared to 814 thousand pounds.
Third: The diesel fuel plate amounted to 830,000 pounds, compared to 870,000 pounds.
Fourth: A bottle of gas reached 463 thousand pounds, compared to 449 thousand pounds.
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This comes in light of the sharp decline of the Lebanese pound that began in 2019 once morest the dollar, coinciding with an acute liquidity crisis, and banks stopped providing depositors with their money in dollars, while the official exchange rate is still fixed at 1507 pounds.
In addition, this coincided with the increase in the value of the gasoline import bill by 70% since the beginning of the current year 2022, so that the Central Bank of Lebanon is unable to continue bearing the burden of fuel subsidies.
