Lebanon raises gasoline prices for the second time in two weeks

Lebanon raises gasoline prices for the second time in two weeks
Lebanon raises gasoline prices for the second time in two weeks

A document seen by “Reuters” news agency showed that Lebanon raised the official price of gasoline, starting today (Wednesday), for the second time in two weeks.
The new price of 98 octane gasoline for consumers was set at 209,300 Lebanese pounds, or about $ 15, for twenty liters of gasoline, and the price of 95 octane gasoline was set at 202 400 pounds.
It is the responsibility of the Lebanese government headed by Najib Mikati, who was granted confidence by Parliament, on Monday, with the task of extricating the country from an unprecedented economic collapse that has paralyzed it for more than two years.
Since the summer of 2019, Lebanon has witnessed an accelerating economic collapse, which the World Bank has ranked among the worst in the world since 1850, as the Lebanese pound has lost about 90 percent of its value against the dollar, and according to the United Nations, 78 percent of the population is living below the poverty line, and food prices have risen. According to the Crisis Observatory at the American University of Beirut, it increased by 700%.

 
For Latest Updates Follow us on Google News
 

PREV Goni Naor, Suf Podgorano and Eddie Gottlieb have been called up to the Israel national team – Walla! sport
NEXT Authorities wanted to burn: Holocaust survivor who died in China will be brought for burial in Israel