Brax: Lebanon may hit $30 per liter gasoline

Due to the escalation of military tensions in the Arabian Gulf region and the targeting of energy facilities, as well as the negative developments in the Russian-Ukrainian war, the price of a barrel of crude oil locally has approached one hundred dollars. This has led to a rise in the price of a petrol tank in Lebanon to around thirty dollars. The increase is attributed to growing fears of a decline in oil supplies in international markets resulting from geopolitical events and tensions, which negatively impact fuel prices.

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