– 95 octane gas can: 624,000 pounds.
– Canister of gasoline 98 octane: 635,000 pounds.
– Diesel: 619,000 pounds.
Gas: 365,000 pounds.
In this context, a member of the Syndicate of Gas Station Owners, George Al-Barraks, announced that “the rise in the price of a 23,000-pound can of gasoline is caused by an increase in the kiloliter of imported gasoline in the price schedule, approximately $45, but by a decrease in the dollar exchange rate, according to a banking platform that relies on importing gasoline from 24,500 to 24,400.” ».
As for the price of diesel, Al-Barraks pointed out that “we witnessed an increase of approximately $46 per kiloliter of imports, and an increase in the dollar exchange rate in the free market approved for setting the price in pounds, from 27,487 to 27,950 pounds.”
He stressed that “in Lebanon, quantities of fuel are available, but the distribution of gasoline in the Lebanese markets is taking place at a pace that is in line with the speed of banks securing the dollars due in favor of importing companies.”
He pointed out that “despite the announcement by the Organization of Petroleum Producing and Exporting Countries and its allies in OPEC + yesterday to increase their production next July by 216,000 barrels per day and adjusting the increase that was approved during the past months from 432,000 to 648,000 barrels per day, the price of a barrel in global markets did not witness a significant decline. Because of investors’ lack of confidence in the organization’s ability to compensate for the shortfall resulting from the decline in Russian production as a result of the war and sanctions and the decision of European countries to reduce their purchase of Russian oil by 90% before the end of this year, and the inability of Libya, Angola and Nigeria to secure their obligations, and because of the announcement of a decline in the US strategic stockpile and many other factors ».
