Brax talks about the reasons for the change in fuel prices

George Brax, a member of the Syndicate of Liberals Owners, said in a statement that “the change in fuel prices today and the discrepancy between the drop in the price of gasoline and the rise in the prices of diesel and gas are caused by the rise in oil prices in global markets, a decline in the exchange dollar price, and an increase in the price of the free market dollar.”

He added, “The Banque du Liban reduced the exchange rate of the dollar insured by it to import 85% of gasoline from 23900 to 22600 liras, as for the dollar exchange rate approved in the price-installation table for importing 15% of gasoline, which is calculated according to the prices of parallel markets and which importing companies and stations must secure in cash, it rose From 23,140 to 23,660 pounds.

He pointed out that “in contrast, imported oil prices rose, so the price of a kiloliter of gasoline rose $21.54 on today’s schedule, while a kiloliter of mazout rose by $29, and the result was a drop in the price of a can of gasoline 3000 pounds to become 355,200 pounds, an increase in the price of a canister of diesel 20400 pounds to become 335,200 pounds, and an increase in the price of a bottle Gas is 12,500 pounds to become 283,600 pounds.”