Lebanon spends 127 dollars in a week on diesel

The price of a ton of diesel in Lebanon has risen to $127 within just one week, due to the increase in global oil prices and the growing maritime risks in the Strait of Hormuz and the Red Sea. This rise leads to higher operating costs for generators, transportation, factories, and hospitals, with its effects gradually spilling over into higher electricity bills and overall prices. Concerns escalate as winter approaches, especially in areas that rely on diesel for heating. The government has yet to take appropriate measures to protect the market from continued price hikes or fuel shortages, which could contribute to a broader wave of inflation across Lebanon.

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