Syrian government raises fuel prices

DAMASCUS, Syria (North Press) – The Syrian Ministry of Internal Trade and Consumer Protection raised the prices of octane 95 gasoline on Wednesday evening.

The new price for octane 95 gasoline is 8,600 SYP (about $0.92) per liter, according to a statement from the ministry.

In May, the ministry had raised the price of octane 95 gasoline from 5,750 to 7,600 SYP per liter.

Last month, the Syrian Ministry of Oil and Mineral Resources set the price of gasoline in USD for Syrian expatriates and foreign visitors to Syria.

The ministry stated that the price would be based on global prices, which are around $1.10 for octane 90 and $1.20 for octane 95.

The government-held areas are witnessing severe fuel shortages and soaring prices of the commodities and food products due to the collapse of the Syrian pound against the US Dollar, which negatively impacts people’s lives.

Reporting by  Muhammad al-Qadi