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LBCI Lebanon
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LBCI Lebanon

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Fuel price hikes impact market

Fuel price hikes impact market

The prices of fuel in Lebanon have risen today, with the price of a 95-octane gasoline canister increasing to 70,000 Lebanese pounds and the 98-octane canister to 71,000 Lebanese pounds. Meanwhile, the price of diesel has gone up to 161,000 pounds, and the gas cylinder now costs 12,000 pounds. This increase is part of the fluctuations in fuel prices affecting the local market, with expectations that it will lead to higher transportation and electricity costs, though the impact may vary compared to the global increase in prices.

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