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Energy Ministry Explains Price Rise

Energy Ministry Explains Price Rise

The Syrian Ministry of Energy has temporarily increased fuel prices to ensure the continuity of supplies and the availability of the product in the market, due to rising global costs of gasoline and diesel, disruptions in refining capacities, and supply routes. During this period, there have been two price hikes within the month: the price per liter of 95-octane gasoline has increased by 28.3% to 195 Syrian pounds, and 90-octane gasoline by 25.9% to 185 pounds. As for diesel, it experienced the highest increase of 40%, with the price per liter rising from 125 to 175 pounds. It is worth noting that the daily market demand reaches 300,000 barrels, compared to a local production of approximately 100,000 barrels.

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