9 Hrs
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شبكة شام الإخبارية
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Syrian fuel market: value vs price
The Syrian fuel market faces significant challenges in balancing the availability of fuel with the costs of securing it. The country relies heavily—up to 81%—on imports from abroad, with rising shipping, insurance, and financing costs due to global disruptions in oil markets. The daily cost of insuring petroleum derivatives amounts to approximately $25.2 million. At the same time, domestic production, which totals around 100,000 barrels per day, is insufficient to meet the estimated demand of 300,000 barrels daily, heavily relying on imports of gasoline, diesel, and natural gas. Global disruptions, particularly tensions and crises at production and transportation facilities, lead to increased cost pressures and market fluctuations, disrupting supply continuity and heightening the need for imports. Consequently, even small adjustments in fuel prices are highly sensitive, as they impact wages, transportation costs, and production, necessitating wise pricing management based on both global and local indicators to ensure continued supply without unfairly burdening consumers or the economy.
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