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The deterioration in fuel production and refining in Syria, including the shutdown of the Baniyas refinery for maintenance, has led to a significant increase in fuel prices. Since the beginning of September 2023, the price per liter of diesel has risen by 40%, and gasoline by approximately 28.3%. This rise is attributed to a shortage of ready-to-use petroleum products, disruptions in refining and supply chains, the closure of some refineries, and the country’s heavy reliance on fuel imports, compounded by complexities related to local crude oil quality. The article highlights that production, transportation, and distribution costs contribute to the higher fuel prices. Additionally, the declining global refinery capacity—particularly due to the Russia-Ukraine war and the crisis in Iran—further exacerbates the situation. Price increases are expected to continue until crude oil and refining supplies improve; however, rising demand for diesel, especially from industrial sectors and for heating, is putting additional pressure on the market.
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