3 Hrs
Source:
الكتائب اللبنانية
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Gasoline sales dip signals economic challenge
The article discusses the decline in gasoline and diesel sales in Lebanon as a result of rising global fuel prices and the diminishing purchasing power of citizens. Gasoline demand has decreased by up to 35%, while the surplus of available quantities in the market exceeds 20-25%. This decline leads to a slowdown in overall economic activity, with potential negative repercussions on both public and private sector institutions, such as reduced production and possible layoffs. The article also emphasizes the importance of diesel in production processes and highlights the potential for the economic crisis to spread more widely if fuel prices continue to rise, reflecting a worsening ability to cover transportation and production costs within the country.
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