A gas station in Lebanon. (Credit: Anwar Amro/AFP)
BEIRUT — Fuel prices increased in Lebanon for the second time in one day on Thursday, according to the latest tariffs announced by the Energy Ministry. This latest price hike comes after the Lebanese lira hit a new record low on the parallel market, trading LL61,000 to the US dollar on Thursday afternoon.
Fuel Distributors Syndicate head Fadi Abou Chakra had told local media earlier on Thursday that two schedules for fuel prices would be released, “one at nine in the morning and one at four in the afternoon, and the main reason is the change in the exchange rate of the dollar.”
Here are the latest prices:
• Twenty liters of 95-octane gasoline: LL1,087,000, up by LL48,000
• Twenty liters of 98-octane gasoline: LL1,114,000, up by LL50,000
• Twenty liters of diesel: LL1,139,000, up by LL50,000
• Gas cylinder: LL695,000, up by LL31,000.
•One kiloliter of fuel oil (used to supply private generators) remains unchanged at $888.29.