Fuel Price Surge in Lebanon Impacts Consumers

Beirut: The prices of fuel products in Lebanon experienced an increase on Tuesday, as gasoline prices for both 95 and 98 octane rose by LBP 10,000, and diesel saw a hike of LBP 16,000. Despite these increases, the price of a domestic gas cylinder remained stable. According to National News Agency - Lebanon, the updated rates for fuel products now stand at LBP 1,508,000 for 95-octane gasoline and LBP 1,548,000 for 98-octane gasoline. Diesel is now priced at LBP 1,417,000, while the gas cylinder remains at LBP 897,000. The increase in fuel prices is significant for consumers who are already facing economic challenges.