17 Hrs
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الاقتصادية
Syrian protests surge over fuel costs
The rise in fuel prices in Syria has led to widespread protests since the end of the week, the largest since the fall of Bashar al-Assad's regime two years ago. The government increased the price of diesel by 40%, bringing it to 175 Syrian pounds (approximately $1.32 per liter), in addition to hikes in gas and propane prices. The protests mainly demand a rollback of fuel price increases, with protesters blocking roads and setting tires on fire, alongside calls for the dismissal of sector officials. The government claimed that these increases are temporary and based on rising global costs, despite the fact that such changes place additional financial pressure on about 90% of Syrians who live below the poverty line. Meanwhile, Russian oil supplies are affected by the ongoing war in Ukraine and the full-scale maintenance closure of the Baniyas refinery. The doubling of gasoline and diesel prices since the start of the year, amid rising Brent crude prices, is exerting further strain on the Syrian economy and threatens to increase the costs of all goods and services.
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