Syria cuts fuel prices
The Syrian government has decided to reduce fuel prices by up to 20%, including gasoline, diesel, and household and industrial gas cylinders, aimed at supporting market stability. The new prices took effect from the date of announcement, with the Permanent Price-Setting Committee relying on market data and economic changes, in line with the decline in global oil prices and fluctuations in the local exchange market. The Syrian currency market is currently experiencing significant fluctuations between the parallel market and the official rate, with the persistent gap and its effects continuing to impact economic stability.
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