Commodity prices are racing upward alongside the rise in the dollar exchange rate. Today alone, fuel prices recorded unprecedented figures, as the price of a 95-octane gasoline can increased by 28,000 L.L., while the 98-octane can rose by 29,000 L.L. The price of a diesel can also rose by 27,000 L.L., and gas increased by 18,000 L.L. Just hours later, prices surged sharply, with the price of a 95-octane gasoline can rising by 55,000 L.L., reaching around 1.5 million L.L., while the 98-octane gasoline can surpassed 1.5 million L.L. specifically hitting 1,513,000 L.L. Meanwhile, diesel rose by 55,000 L.L., reaching 1,451,000 L.L. for the can, and gas cylinders approached 1 million L.L., recording an increase of 36,000 L.L.
In response to this increase, George Brax, a member of the Syndicate of Fuel Station Owners, did not set a ceiling for fuel prices. He stated to "Al-Markazia": "Prices are dependent on the ceiling that the dollar reaches, and the continuous increase is tied to the rise in dollar prices. He pointed out that whoever can determine a ceiling for the dollar's rise can also set a ceiling for the increase in fuel prices." Will the price of a gasoline can reach two million L.L. by the end of the week? And what impact will such increases have on all sectors?
