Gasoline Prices Soar to Highest Levels in Months
Fuel prices climbed in the past few weeks, prompting the Gas Station Owners Association to threaten on Wednesday precautionary measures to face this hike.
“The government should cap soaring fuel prices,” Fadi Abou Shaqra, advisor to the Gas Station Owners Association told Voice of Lebanon radio (93.3).
He urged the cabinet to resolve the matter, warning of escalating measures after the visit of Pope Benedict XVl as the rising prices “can’t be endured.”
Benedict is due to visit Lebanon September 14-16 to bring a message of peace and call for greater respect for religious pluralism.
The price of 95-octane rated fuel rose on Wednesday by LL400 reaching LL36,400, while the 98-octane rose by LL500 reaching LL37,000.
Diesel rose by LL500, bringing the price to LL27,100.
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