Gasoline Prices In Lebanon Are Moving Towards Total Dollarization

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Lebanon

Date: 20-Jun-2022
Source: The961
Sector: Economy
Country: Lebanon
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Gasoline Prices In Lebanon Are Moving Towards Total Dollarization

Almost one year after the Central Bank of Lebanon partially lifted subsidies on gasoline, it has now decided to fully remove the rest of it. The Central Bank of Lebanon had fully removed subsidies on diesel fuel, however, it kept providing the market with usd at the Sayrafa rate for gasoline imports. Reports are claiming this is changing soon. According to multiple sources, Riad Salameh, the Governor of the Central Bank, has informed the government that he can no longer […]

The post Gasoline Prices In Lebanon Are Moving Towards Total Dollarization appeared first on 961.

Almost one year after the Central Bank of Lebanon partially lifted subsidies on gasoline, it has now decided to fully remove the rest of it. The Central Bank of Lebanon had fully removed subsidies on diesel fuel, however, it kept providing the market with USD at the Sayrafa rate for gasoline imports. Reports are claiming this is changing soon. According to multiple sources, Riad Salameh, the Governor of the Central Bank, has informed the government that he can no longer […]