Tag Archives | oil

Is The Government Indirectly Imposing A New Tax on Gas?

gas price

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…!

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A beginner’s guide to Lebanon’s oil and gas

oil

Check out this nice informative page created by Executive magazine for everything you need to know about Lebanon’s oil and gas.

The page has information about how much oil does Lebanon have, how did we end up falling behind out neighbors in exploring our fields, who’s holding the negotiations from our side with the oil and gas giants in the world, where will the money go, and what is the dispute with Israel about.

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Lebanese olive oil

I’ve always wondered how olive oil is made until I stumbled upon this interesting video by L’Orient Le Jour showing how the whole process works at one of the workshops in Koura (North Lebanon). Make sure to check it out!

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Gas price in Lebanon

As per this article, gas price in Lebanon should drop by 1,500 L.L on Wednesday morning! That means we will be paying 22,800 L.L (~$15) for 20 liters.

Pretty good no?

I wonder though if the price of goods will decrease as well now that the gas price is decreasing worldwide.

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