13 Hrs
Source:
عين ليبيا
Syria hikes fuel prices citing reason
Syria has temporarily increased the prices of petroleum derivatives due to the exceptional rise in global costs for securing oil products. This measure coincides with the Baniyas refinery entering a comprehensive two-month maintenance period. The Minister of Energy explained that the increase resulted from higher costs for gasoline and diesel, driven by a decline in global supply, increased shipping and insurance expenses, and disruptions in production and supply in Russia and the Middle East. Syria relies on importing about 60% of its diesel and gasoline needs, with a daily consumption of approximately 7.72 million liters of diesel and 2.32 million liters of gasoline, while only a limited portion of these quantities are produced locally.
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