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GASOLINE PRICES

Fuel prices in Lebanon to rise on Tuesday

Fuel prices in Lebanon to rise on Tuesday

A disused service station on the outskirts of Bikfaya in Metn. (Credit: Philippe Hage Boutros)

Gasoline and diesel prices rose again in Lebanon on Tuesday, according to a new price list issued by the Energy and Water Ministry. The price of a cylinder of domestic gas jumped by more than 4 dollars. Prices are calculated on the basis of an average reference index used by the Ministry, as well as a formula that includes a certain margin for distributors.

Here are the new rates:

- 20 liters of 95-octane gasoline: 1,460,000 Lebanese pounds (+11,000 LL)

- 20 liters of 98-octane gasoline: 1,500,000 LBP (+11,000 LBP)

- 20 liters of diesel (for vehicles) : 1,342,000 LL (+7,000 LL)

- Domestic gas cylinder: LL 986,000 (+LL42,000)

- Kiloliter of fuel oil (used to power private electric generators): $688.26 (+$4.03).

Gasoline and diesel prices rose again in Lebanon on Tuesday, according to a new price list issued by the Energy and Water Ministry. The price of a cylinder of domestic gas jumped by more than 4 dollars. Prices are calculated on the basis of an average reference index used by the Ministry, as well as a formula that includes a certain margin for distributors.Here are the new rates:- 20 liters of...