A man filling the tank of his moped with gasoline. (Credit: Joao Sousa/L'Orient Today.)
BEIRUT — While Israel and Iran are engaged in a war following the series of strikes led by Israel against Iran on Friday, fuel prices in Lebanon (95 and 98 octane gasoline and diesel) are almost all on the rise, while the price of gas remains stable, according to the latest grid published by the Energy and Water Ministry. A potential closure of the Strait of Hormuz, suggested by Iran, further predicts an even greater impact on global markets.
Below are the new rates and their changes compared to the last schedule published on Friday.
BEIRUT — While Israel and Iran are engaged in a war following the series of strikes led by Israel against Iran on Friday, fuel prices in Lebanon (95 and 98 octane gasoline and diesel) are almost all on the rise, while the price of gas remains stable, according to the latest grid published by the Energy and Water Ministry. A potential closure of the Strait of Hormuz, suggested by Iran, further predicts an even greater impact on global markets.Below are the new rates and their changes compared to the last schedule published on Friday.20 liters of 95 octane gasoline: 1,508,000 Lebanese pounds (+ 10,000 Lebanese pounds)20 liters of 98 octane gasoline: 1,548,000 LP (+ 10,000 LP)20 liters of diesel (for vehicles): 1,417,000 LP (+ 16,000 LP)Kiloliter of fuel oil (used to power private electric generators): 636.47 dollars (+9.18...
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When power pivots overnight in the Middle East, context is everything.