EconomySyria

HTS’ Watad Petroleum raises fuel price for sixth time in Syria’s Idlib

IDLIB, Syria (North Press) – On Tuesday, Watad Petroleum company, which monopolizes the fuels imported to Idlib city, northwest Syria, and is completely controlled by Hayat Tahrir al-Sham (HTS, formerly al-Nusra Front), has raised the fuel prices for the sixth time this month due to the ongoing devaluation of the Turkish lira against the US dollar.

According to Lira website, Turkish lira dropped to 12.80 against the USD, while one TRY equals 268 Syrian Pounds (SYP).

One liter of top-tier imported gasoline in Idlib has come up to 11,28 TRY (3,000 SYP), while one liter of top-tier imported diesel costs 10,50 TRY (2,800 SYP).  

One liter of second quality imported diesel has come up to 6,61 TRY (1,700 SYP) and one liter of first filtered diesel has come up to 8,29 TRY (2,100 SYP).

The prices of one gas cylinder hiked to 157 TRY (42,000 SYP) after it was 151,5 TRY.

Watad raised the prices of fuel and gas in less than 24 hours of a slight decrease of the prices causing a state of resentment among residents in HTS-held areas.

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.”

Yesterday, HTS raised customs duties on the entry of various types of foodstuffs, fuels, and other materials through al-Ghazawiya crossing in its areas of control north of Aleppo.

Reporting by Bara’ al-Shami

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