Following the huge decrease in gasoline prices during the last year, there has been a lot of talk about the possibility for he government to fix the price at 22,000L.L per 20 liters or introduce a new tax of 5,000L.L to increase the revenue, but it was claimed a couple of months ago that the cabinet is not going to approve such thing and we all got relieved.
However, it seems like the tax is going to be gradually imposed one way or another. Over the past 3 weeks, the price of gasoline has increased by 1,700L.L even though the price of crude oil decreased from $41.5 to $38.3 over the same period.
What’s also worse is that the media is not reaching out to the ministry of energy to inquire about these increases, but you really can’t blame them when Ahlam and Adel Karam are keeping them busy with their nonsense…!
In Lebanon, the price of Gas is calculated using the average fuel price for the past 3-4 weeks and not the current price. Therefore, I believe what we’re seeing now is a reflection of the surge in price following the unofficial OPEC meeting and decision to limit production.