Lebanon sets new price for gasoline, practically lifts subsidies on imports – Roya News English

Lebanon sets new price for gasoline, practically lifts subsidies on imports – Roya News English

Wednesday, the Lebanese Ministry of Energy set for the first time the selling price of gasoline based on the exchange rate on the black market, which practically means lifting subsidies for fuel, in a step that exacerbates the suffering of the Lebanese.

The price of twenty liters of 95-octane gasoline now stands at about 302,700 pounds (about $15 according to the black market).

The minimum wage in Lebanon is 675,000 pounds.