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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]
On 11 August 2021, the Lebanon central bank ended fuel subsidies, announcing that they would instead offer "credit lines for fuel imports based on the market price for the Lebanese pound". [40] The decision led to significant increases in fuel prices amid an economic crisis in the country, but the government was unable to alleviate shortages. [41]
I can't even find a shared taxi, and there is no fuel for a motorcycle or a car."As Lebanon’s financial collapse continues to worsen, three quarters of the country’s population has fallen into ...
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.
Sayyed Hassan Nasrallah, leader of Lebanon's armed Shi'ite movement Hezbollah, said on Monday that a first ship carrying Iranian fuel oil to help Lebanon through its financial crisis had docked in ...
Lebanon: 2.07 2021 ... (Kilogram oil equivalent per USD at constant exchange rate, price and purchasing power parities of the year 2005 [2]), by region and by country.
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 ...