Fuel prices soar in Syria’s Idlib due to Turkish Lira drop

IDLIB, Syria (North Press) – On Wednesday, Watad Petroleum company, which monopolizes the fuels imported to Idlib city, northwest Syria, which is completely controlled by Hayat Tahrir al-Sham (HTS, formerly al-Nusra Front), has raised the fuel prices for the fifth time this month.

According to Lira website, Turkish lira dropped to 13.6 against the USD, while one TRY equals 280 Syrian Pounds (SYP).

One liter of top-tier imported gasoline in Idlib has come up to 11,30 TRY (3,150 SYP), while one liter of top-tier imported diesel costs 10,54 TRY (2,900 SYP). 

One liter of second quality imported diesel has come up to 6,96 TRY (2,200 SYP) and one liter of first filtered diesel has come up to 8,02 TRY (2,200 SYP).

The prices of one gas cylinder hiked to 157,5 TRY (43,000 SYP) after it was 137,5 TRY.

In less than a week after a previous rise, Watad raised on November 20, the prices of oil derivatives in Idlib, which sparked a wave of anger and resentment among the population in northwest Syria.

Watad Petroleum claimed that hikes in fuel prices and gas cylinder are because the Turkish lira tumbled against the USD.

The Turkish lira has been witnessing a decline in its value following statements by Turkish President Recep Tayyip Erdogan, on November 22, in which he said that his country was engaged in an “economic war of independence.”

Reporting by Bara’ al-Shami