Syria suspends fuel price hikes temporarily

Syria announced a temporary increase in fuel prices starting from Sunday, aimed at securing supplies after the rise in global costs. The price of 95 octane gasoline was raised to 195 Syrian pounds, along with increases in the prices of 90 octane gasoline, diesel, and domestic and industrial gas. The Ministry of Energy attributed this to increased costs resulting from a decline in global supply and higher transportation and insurance expenses. The ministry emphasized that this increase is temporary and intended to ensure the continued availability of fuel, especially with the Baniyas refinery entering a two-month maintenance period, which will increase the need for imports.

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