1 Day
Source:
التيار الوطني الحر
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tayyar.org - Escalating living crisis
The living crisis in Lebanon currently dominates the scene, with economic sources reporting that escalating military tensions in the Arabian Gulf, the Red Sea, and the Russia-Ukraine war have led to a significant increase in fuel prices. It is expected that the price of a liter of diesel and gasoline will exceed $30 today, Friday, due to soaring prices and deteriorating security conditions, compounded by the absence of government regulations. Additionally, the Ministry of Economy issued a decision to raise the price of a Lebanese bread loaf from 75,000 to 80,000 Lebanese pounds, reflecting a 5,000-pound increase due to rising production costs. The living situation continues to worsen amidst fears of an intensified economic crisis and the ongoing surge in prices.
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