Shamas Affirms No Diesel Shortage
Maroun Chamas, head of the Association of Imported Oil Companies, confirmed that there is no diesel shortage in the market, pointing out that the quantities offered exceed consumption needs by approximately 35 to 40 percent. He explained that the stacking and hoarding are due to a state of panic resulting from political and security tensions, as well as fluctuations in global oil prices, which led many to stock additional quantities in anticipation of price increases or possible supply disruptions. Therefore, the market currently has supplies far beyond demand, and there is no crisis at the moment.
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