Economy

In Syria: Fuel Prices Rise Again

In Syria: Fuel Prices Rise Again

Under the title "Syria: New Increase in Gasoline Prices," Russia Today published an image of a decision to raise the price of a liter of gasoline, indicating that the Syrian government has raised the price of "95 octane gasoline" from 2000 Syrian pounds to 2500 Syrian pounds, marking the second increase in a month.

According to Decision 1090 issued by the Ministry of Internal Trade and Consumer Protection this evening, this price "includes the annual renewal fee for vehicles operating on gasoline, set at 29 Syrian pounds per liter." The ministry requested in the decision that station owners clearly and visibly display gasoline prices and its quality within the station. It stated that violators of the decision would be subject to Decree No. 8 of 2021 (Consumer Protection Law), which was issued by President Bashar al-Assad days ago, and includes penalties of imprisonment and fines for offenders.

The ministry has raised gasoline prices several times this year, the last being a month ago when it issued three decisions on March 15 to increase the prices of gasoline and gas. At that time, the price of subsidized gasoline was raised to 750 pounds, while the price of 95 octane gasoline was raised to 2000 pounds.

This comes amid a severe crisis in the availability of fuel products, which is considered the worst in the country, with no significant relief in sight, despite the government's promise that signs of relief would begin as of last Tuesday.

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