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Lebanon’s government raised the price of fuel Wednesday by about 25%, the National News Agency reported, effectively removing all subsidies on fuel products and pricing them at market rate amid ...
In 2021, Iran sent five fuel tankers, all under the flag of Iran, to Lebanon. Since the financial crisis of Lebanon in August 2019, the country is experiencing a chronic shortage of fuel. The tankers were loaded from Iranian ports, after reaching the Syrian port, be trucked to Lebanon. Shipment delivery was made for Hezbullah. [1] [2] [3]
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
The primary energy use in 2009 in Lebanon was 77 TWh, 18 MWh per capita. [5] [6] In 2019, the total solar PV capacity was 78 MW, [7] and it reached 1300 MW at the end of 2023. [8] In August 2024, the situation reached a critical point when fuel reserves were completely depleted, leading to a nationwide blackout. [9]
Algeria will immediately begin supplying Lebanon with fuel for its power plants, Algerian state radio said in a statement on Sunday, after Lebanon's electricity company said the day before its ...
4.5 Indian Rupee as exchange rate anchor. 4.6 Other. 5 Stabilized arrangement. Toggle Stabilized arrangement subsection. 5.1 US dollar as exchange rate anchor ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
MET also implements a bread price control, with prices of bread fixed at 1 USD per 900 grams of standard Lebanese bread. Through this policy, MET supports bakeries and mills by providing in-kind wheat flour deliveries to reduce production cost and ensure mills and bakeries still have a profit margin on the standard 900 gram bread package.