5 Hrs
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شبكة شام الإخبارية
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Syria hikes fuel prices amid import and inflation concerns
Syria has increased fuel prices in order to cover the rising costs of imports and insurance, especially after the reduced capacity of local refining due to the two-month maintenance of the Baniyas refinery. The adjustments include increases in gasoline, diesel, and domestic gas prices, with expectations that this rise will lead to higher transportation and production costs, as diesel is the most widely used across various sectors. Experts believe that the current changes aim to ensure the continuity of supplies but also pose the risk of the increased costs being passed on to prices of goods and services. These effects are expected to be tested within a few months as local refining resumes and the market stabilizes.
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