13 Hrs
Source:
التيار الوطني الحر
Lebanon Fuel Surplus Sparks Concerns
The article discusses the fuel crisis in Lebanon, clarifying that there is no real shortage of supplies in the market. Instead, the problem relates to delays in the arrival of some ships and the global increase in prices, which affects local prices. The report states that the market is actually overflowing with the product and that storage practices and monopolies may raise concerns about the possibility of a manufactured crisis, even though fuel imports continue regularly and ships are delivering fuel on a consistent basis. Additionally, it explains that the rise in fuel derivative prices is due to global factors such as the "Platts" index, shipping costs, and insurance expenses. There is also margins that authorities can control through adjusting taxes and fees. The article warns against exploiting the situation to create artificial crises and offers recommendations to unify policies and reduce monopolies in order to maintain market stability.
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