fbpx
  • Contact
Global World News
Wednesday, February 1, 2023
  • Home
    • All Category
    • Reuters Top News
    • General News
    • Major News
  • COVID
    • Health / Medicine
    • Medical Supplies
    • Pharmaceuticals & Medical Research
    • Biotechnology & Medical Research
    • Old COVID
    • Old Health / Medicine
  • Politics
    • Politics Expansions
    • Climate Politics
    • Old Politics
  • AFRICA
    • North Africa
    • Southern Africa
    • South Africa
    • East Africa
    • West Africa
    • Old Africa
  • ASIA
  • EUROPE
    • European Union
    • Euro Zone
    • Central / Eastern Europe (Energy)
    • East European Countries
    • Western Europe
    • South-Eastern Europe
    • Old Europe
  • Americas
    • North America
    • Central America
    • South America
    • Latin America
  • Middle East
    • Middle East (Energy)
    • Old Middle East
  • MORE
    • Germany
    • Russia
    • China (PRC)
    • Economic News
      • Economic Output
      • Economy
    • Business
    • Company News
    • Military Conflicts
    • Emergency
    • International and National Security
    • Diplomacy and Foreign Policy
    • Elections
  • Download APP
    • Apple App Store
    • Android Play Store
    • Huawei AppGallery
  • Contact
    • Privacy Policy
    • Terms & conditions
No Result
View All Result
  • Home
    • All Category
    • Reuters Top News
    • General News
    • Major News
  • COVID
    • Health / Medicine
    • Medical Supplies
    • Pharmaceuticals & Medical Research
    • Biotechnology & Medical Research
    • Old COVID
    • Old Health / Medicine
  • Politics
    • Politics Expansions
    • Climate Politics
    • Old Politics
  • AFRICA
    • North Africa
    • Southern Africa
    • South Africa
    • East Africa
    • West Africa
    • Old Africa
  • ASIA
  • EUROPE
    • European Union
    • Euro Zone
    • Central / Eastern Europe (Energy)
    • East European Countries
    • Western Europe
    • South-Eastern Europe
    • Old Europe
  • Americas
    • North America
    • Central America
    • South America
    • Latin America
  • Middle East
    • Middle East (Energy)
    • Old Middle East
  • MORE
    • Germany
    • Russia
    • China (PRC)
    • Economic News
      • Economic Output
      • Economy
    • Business
    • Company News
    • Military Conflicts
    • Emergency
    • International and National Security
    • Diplomacy and Foreign Policy
    • Elections
  • Download APP
    • Apple App Store
    • Android Play Store
    • Huawei AppGallery
  • Contact
    • Privacy Policy
    • Terms & conditions
No Result
View All Result
World News
No Result
View All Result
Home Civil Unrest

Lebanon raises fuel prices in bid to ease shortages

Reuters old by Reuters old
29 June 2021
in Civil Unrest, Energy Markets, Engineering, Government Finances, Lebanon, Monetary / Fiscal Policy / Policy Makers, Old Economy, Old Middle East, Old Politics, Refined Products, Reuters Top News
0
Lebanon raises fuel prices in bid to ease shortages

FILE PHOTO: Motorbike drivers wait to get fuel at a gas station in Beirut

0
SHARES
6
VIEWS
Share on FacebookShare on TwitterPodziel się na WhatsAppShare by Email

BEIRUT (Reuters) -Lebanon’s government raised fuel prices by more than a third on Tuesday, a move aimed at alleviating crippling shortages but which will mount pressure on impoverished consumers.

The government last week effectively cut fuel subsidies as Lebanon grapples with a catastrophic economic collapse that has sunk its currency by more than 90% in less than two years.

The energy ministry said the average price of 20 litres of 95-octane gasoline was increased by 35% to 61,100 pounds. That is the equivalent of $40 at Lebanon’s official exchange rate but less than $4 at Tuesday’s parallel market exchange rate. Diesel was increased by 12,800 pounds, or 38%, to 46,100 pounds.

Scuffles have become commonplace as motorists queue for hours to part-fill their tanks amid expectations of new deliveries. A knife was drawn during a fight at one petrol station, a Reuters witness said.

The spokesman for fuel distributors said six ships had started unloading cargos overnight, the National News Agency reported.

“What breaks my heart the most is the old people, people older than my dad, sitting at gas stations – the ones with blood pressure, diabetes and the ones who will collapse for God knows what reason – and nobody is providing for them,” said a man waiting his line who gave his name as Nour.

Protesters blocked roads with burning garbage and tyres in Beirut on Monday. President Michel Aoun said the new prices should ease the crisis.

The central bank said on Monday it would start giving credit lines to import fuel at 3,900 pounds to the dollar, weaker than the official exchange rate of 1,500 pounds that was being applied under the subsidy programme.

Dollars were changing hands at about 16,700 pounds on Tuesday on the parallel market, a dealer said.

(Reporting By Maha El Dahan and Alaa Kanaan; Writing by Maha El Dahan and Tom Perry; Editing by Christian Schmollinger and Bernadette Baum)

tagreuters.com2021binary_LYNXNPEH5S0OH-VIEWIMAGE

tagreuters.com2021binary_LYNXNPEH5S0OI-VIEWIMAGE

tagreuters.com2021binary_LYNXNPEH5S0OJ-VIEWIMAGE

tagreuters.com2021binary_LYNXNPEH5S0OK-VIEWIMAGE

tagreuters.com2021binary_LYNXNPEH5S0OL-VIEWIMAGE

Tags: Global World News
Previous Post

Thailand loses 550,000 tourism jobs in second quarter after new virus wave

Next Post

Ukraine backs bill to jail officials for false asset declarations

Next Post

Ukraine backs bill to jail officials for false asset declarations

Facebook Twitter Instagram

© 2021 Dream Apps

No Result
View All Result
  • Home
    • All Category
    • Reuters Top News
    • General News
    • Major News
  • COVID
    • Health / Medicine
    • Medical Supplies
    • Pharmaceuticals & Medical Research
    • Biotechnology & Medical Research
    • Old COVID
    • Old Health / Medicine
  • Politics
    • Politics Expansions
    • Climate Politics
    • Old Politics
  • AFRICA
    • North Africa
    • Southern Africa
    • South Africa
    • East Africa
    • West Africa
    • Old Africa
  • ASIA
  • EUROPE
    • European Union
    • Euro Zone
    • Central / Eastern Europe (Energy)
    • East European Countries
    • Western Europe
    • South-Eastern Europe
    • Old Europe
  • Americas
    • North America
    • Central America
    • South America
    • Latin America
  • Middle East
    • Middle East (Energy)
    • Old Middle East
  • MORE
    • Germany
    • Russia
    • China (PRC)
    • Economic News
      • Economic Output
      • Economy
    • Business
    • Company News
    • Military Conflicts
    • Emergency
    • International and National Security
    • Diplomacy and Foreign Policy
    • Elections
  • Download APP
    • Apple App Store
    • Android Play Store
    • Huawei AppGallery
  • Contact
    • Privacy Policy
    • Terms & conditions

© 2021 Dream Apps

en English
af Afrikaanssq Shqipam አማርኛar العربيةhy Հայերենaz Azərbaycan dilieu Euskarabe Беларуская моваbn বাংলাbs Bosanskibg Българскиca Catalàceb Cebuanony Chichewazh-CN 简体中文zh-TW 繁體中文co Corsuhr Hrvatskics Čeština‎da Dansknl Nederlandsen Englisheo Esperantoet Eestitl Filipinofi Suomifr Françaisfy Fryskgl Galegoka ქართულიde Deutschel Ελληνικάgu ગુજરાતીht Kreyol ayisyenha Harshen Hausahaw Ōlelo Hawaiʻiiw עִבְרִיתhi हिन्दीhmn Hmonghu Magyaris Íslenskaig Igboid Bahasa Indonesiaga Gaeligeit Italianoja 日本語jw Basa Jawakn ಕನ್ನಡkk Қазақ тіліkm ភាសាខ្មែរko 한국어ku كوردی‎ky Кыргызчаlo ພາສາລາວla Latinlv Latviešu valodalt Lietuvių kalbalb Lëtzebuergeschmk Македонски јазикmg Malagasyms Bahasa Melayuml മലയാളംmt Maltesemi Te Reo Māorimr मराठीmn Монголmy ဗမာစာne नेपालीno Norsk bokmålps پښتوfa فارسیpl Polskipt Portuguêspa ਪੰਜਾਬੀro Românăru Русскийsm Samoangd Gàidhligsr Српски језикst Sesothosn Shonasd سنڌيsi සිංහලsk Slovenčinasl Slovenščinaso Afsoomaalies Españolsu Basa Sundasw Kiswahilisv Svenskatg Тоҷикӣta தமிழ்te తెలుగుth ไทยtr Türkçeuk Українськаur اردوuz O‘zbekchavi Tiếng Việtcy Cymraegxh isiXhosayi יידישyo Yorùbázu Zulu