The real reason behind the low gasoline prices!

The real reason behind the low gasoline prices!
The real reason behind the low gasoline prices!
The real reason behind the low gasoline prices!
Source :
Lebanon Debyte
date of publication :

27 Oct 2021

The real reason behind the low gasoline prices!

Source :
Lebanon Debyte

date of publication :
Wednesday 27 October 2021

Contrary to yesterday’s expectations of a rise in fuel prices, especially gasoline, with the global rise in the price of a barrel of oil, prices fell by about 6 thousand, so the release of the price schedule in the morning came as a surprise to citizens, station owners and importing companies.

“Lebanon Debate” tried to find out the “underlying” reasons behind the drop in prices. The answer was the same among the importing companies and those concerned with the Ministry of Energy, which is that the minister decided to price the “oil” dollar at 19,000 liras, and this drop was even though the price table shows that the previous table price A kilo liter is 630 dollars, while the current schedule is priced at 647, meaning that the price increased in dollars, but decreased at the exchange rate.

Concerned sources suggested that “the minister wanted this measure today to absorb the anger of the street, which almost exploded last week, and any new price hike this week may be a spark to ignite the street, so he tried to defuse the fuse temporarily, and the Banque du Liban blamed the dollar exchange rate difference.”

However, this does not mean that prices will not rise again if the dollar continues to rise and oil prices rise globally and the Banque du Liban refuses to bear the exchange rate differences.

Source

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