Cost of fuel exceeds minimum wage in Lebanon

Cost of fuel exceeds minimum wage in Lebanon

The price of a 20 liters of fuel ( 20 liters is the unit reference used in pricing fuel oil in Lebanon) crossed the minimum wage in Lebanon for the first time since the eruption of the country’s economic crisis.

The cost of 20 liters of fuel reached 700,000 Lebanese pounds, or 25 dollars, on Saturday, while minimum wage stands at 675,000 LL.

The cost of fuel has risen with the rise of the dollar against the pound and surge in fuel prices around the world due to the Ukrainian crisis.