Crazy rise in fuel prices in Lebanon… and the dollar touches 25 thousand pounds

Yesterday, a report in Lebanon stated that the prices of all fuels in the country increased.
Yesterday, the price of a can of gasoline rose 98.95 octane by 15,600 thousand pounds, diesel oil by 24,200 thousand pounds, and a gas bottle of 20,700 thousand pounds.
According to the National News Agency, the price of a can of gasoline is 95 octane at 351,400 thousand pounds, and a can of gasoline is 98 octane at 363,400 thousand pounds. According to the agency, the price of a can of diesel is 360,400 thousand pounds, and a gas bottle is 319,300 thousand pounds.
With this crisis, commodity prices skyrocketed, especially after the dollar exchange rate rose to touch the threshold of 25,000 Lebanese pounds, and fuel prices rose after the subsidy was lifted.
It is noteworthy that Lebanon has been witnessing since November 2019 a financial and economic crisis that places it among the ten worst global crises, and perhaps one of the three most severe crises since the mid-19th century, in the absence of any prospect of a breakthrough, according to the World Bank’s warning last June.
“The financial collapse in Lebanon was caused by something like a scam,” UN Secretary-General Antonio Guterres said earlier, according to a video recording of comments he made while visiting Beirut. Lebanon is in the third year of a stifling economic crisis that began in 2019 when the financial system collapsed under the weight of a huge public debt, which is the result of decades of corruption and mismanagement, and the unsustainable way in which it was financed.