Bassil Signs Weekly Fuel Prices after One-Day Delay
إقرأ هذا الخبر بالعربية
Energy Minister Jebran Bassil signed on Thursday the weekly update of fuel prices after companies refused to distribute oil to gas stations thus averting a crisis in the country.
Bassil had decided for the second week to delay the signing of the weekly update for fuel prices by a day.
OTV later reported on Thursday that the oil sector will likely call off its strike after the minister signed the list.
It was scheduled to hold a strike on April 2, 3, and 4 in light of Bassil's failure to approve the new prices.
OTV added that oil companies will start delivering fuel to the gas stations.
The oil sector announced on Tuesday that the strike aims at pressing the government for an increase of LL820 on the overall price of 20 liters of fuel, LL500 of which would be added to the surcharge accumulated by the stations, LL120 to transportation tanks and LL200 to oil companies.
“There was no appointment scheduled to meet with the energy minister… But we hope that we would reach a solution,” Maroun Chammas, the head of the Association of Petroleum Importing Companies told VDL (100.5).
Sources close to Bassil told Ad-Diyar newspaper that the minister refuses adding more financial burdens on the citizen as the new fuel prices included a LL500 increase this week and LL600 next week.
The prices of 95-octane graded fuel are expected to reach LL40,000 as of the beginning of April.
29 March 2012, 10:44
14
I agree the prices of gas are too high in Lebanon. Yet again, if Bassil is concerned for the citizens, while they arent concerned for themselves, why care? i mean when youve got 3 range rovers and 2 infinity FX45, and you complain about gas, i wonder whos fault is it? specially that we musnt forget that prices are practically the same all over the world. Even in oil producing countries or countries that have reserves : Canada, USA etc... So switch just one of your car and buy an economic one , drive less your expensive gas spending cars around all day, maybe you'll pass the crisis.
29 March 2012, 11:46
24
he wants to get vessels that use oil and he want to construct new power plant that use oil, and he wants renovate old power plants to use more oil.
ummm we should keep holding on to our seats because fuel price are going to take us the moon. And trust me oil companies do not like oil prices to be high because that means less people buying oil.
29 March 2012, 13:25
13
High oils usage discourage people in using oil so they look into hybrid cars, and renewable energy. It is said that Obama is keeping oil prices high in America to encourage an oil independent economy. Now if you are CEO of a major oil company would really want your product prices to keep rising to a degree that it would not become affordable? So yeah oil companies do not want to keep prices because that will lead to lesser consumption.
29 March 2012, 15:26
14
I think you are missunderstanding what Lightleb is saying.
In Europe, they use high prices to make you drive less fuel consuming cars, or even using public transportation.
While the producers of the oil, are not always the ones "taking in " the increase in price-----) this results taht they do not want an increase in price as they do not benefit from it, they dont get the difference after the increase, but they get to feel that people are buying less oil.
What you are saying is that "even if you increase the price by 5000LL people will still fill their tanks". Every economical study on this field shows the opposite.
So Mowaten, in principle your economic theory is right, but not in this scenario.
29 March 2012, 16:19
14
ulpianus you could not described it more beautifully :)
and to add what ulpianus said, The high fuel prices will force people to find something else to power there home. Yes oil=bread like FlameThrower says but unlike bread there is alternative!! and as the price keep going up it will become unaffordable to do business. I am no economist but i am agronomist and i know when your crops (potatoes) are too expensive for the consumer to buy, you as the grower loose money even though people have to eat. they will just eat something else like wheat and corn. Like oil producers, if oil gets too expensive then people will just install solar panels and oil producers due to their price hikes will loose money. but right now solar is more expensive then oil.
29 March 2012, 18:03
13
Mowaten, I suggest you study the Swedish case with heavy direct taxes on the "bensin" itself.
The fact that public transportation is not working in Lebanon is a totally different issue.
29 March 2012, 12:50
32
Who the hell is he taking for fool. Gaze cars the holly solution probably from Iran, power cables and oil pump firms from Iran, Ships probably from the so hailed BRICS nations which are no less than a cordoned backyard of drug ships. Sorry for the so long desperadoes but we lebanese don't want war we're sick of it and we want to get rid of it i am a maronite christian and i like muslim sunnis as well as muslim shia along with all other sects in this country and i welcome them as brothers as long as they bare the lebanese flag. We lebanese don't care for the endless conflicts of the middle east. We want technology of the US Vodka from Russia, carpets from Iran and Oil from Saudi Arabia and we want Night Clubs and all the decent fun places. We also want to prevent our society of becoming another american Cabaret. And for all the Shiite of lebanon Karbalaa is in Iraq not Iran so get yourselves together
29 March 2012, 22:43
30
the gaz will be from Lebanon as we might become a gaz producing nation, if not it will be from Russia through the piplines joinig Russia to the med region.so I understand ur fears Carl but dont' worry. PS: more then 20% of European cars run on GPL (gaz) now so it's perfectly safe. and bTW why the Iranophobia?
29 March 2012, 22:47
31
the bonuses are true but the Hybrid cars are still more expensive then regular cars.and it's true that many studies shows that hybrid cars are also very polluting anyway it's still a process. and please Slash get a grip on your anger, any reason why your comments (even the non political ones) are so agressive?
