Fuel prices in Lebanon are closely monitored by citizens, drivers, and the transport sector because they have a direct impact on living costs and the prices of goods and services.
The Ministry of Energy and Water issues regular fuel price lists, updating them according to global oil price fluctuations, the dollar exchange rate, and local factors.
According to the latest official schedule, fuel prices in Lebanon are as follows:
Price of 95 Octane Gasoline
The price for a 20-liter drum of 95 octane gasoline has dropped by 9,000 Lebanese pounds to 2,281,000 Lebanese pounds.
Price of 98 Octane Gasoline
The 20-liter drum of 98 octane gasoline now costs 2,230,000 Lebanese pounds, reflecting a 10,000 Lebanese pound reduction.
Price of Diesel
The price for a 20-liter drum of diesel has decreased by 37,000 Lebanese pounds to 1,901,000 Lebanese pounds, marking the largest drop in the latest price list.
Price of a Gas Cylinder
The price of a household gas cylinder has increased by 12,000 Lebanese pounds, now standing at 1,174,000 Lebanese pounds.
Why Do Fuel Prices Change in Lebanon?
Fuel prices in Lebanon are influenced by global oil market prices, the exchange rate of the dollar against the Lebanese pound, along with import, shipping, and distribution costs. The Ministry of Energy and Water regularly releases a new price list reflecting these changes.
Are Prices Expected to Continue Changing?
Fuel prices are likely to continue fluctuating due to their direct link to global oil price movements and economic developments. For the latest prices, it is advised to follow the official schedules issued by the Ministry of Energy and Water.
In conclusion, the latest official update reports a decrease in gasoline and diesel prices, with a slight increase in gas prices. These prices remain subject to change with each new schedule released by the Ministry, based on global and local market developments.
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