Fuel prices soar as Turkish lira depreciates in Syria’s Idlib
IDLIB, Syria (North Press) – On Wednesday, Idlib-based Watad Petroleum company run by Hayat Tahrir al-Sham (HTS-formerly al-Nusra Front) increased prices of fuel derivatives in Idlib city for the second time within a week as Turkish lira (TRY) dropped against the USD in a new record low.
According to Lira website, Turkish lira dropped to 10,50 against the USD, while one TRY equals 345 Syrian Pounds.
One liter of top-tier imported gasoline has come up to 9.14 TRY (3,150 SYP) and one liter of top-tier imported diesel costs 8.50 TRY (2,900 SYP).
One liter of second quality imported diesel has come up to 6,48 TRY (2,250 SYP) and one liter of first filtered diesel has come up to 5,15 TRY (1,800 SYP).
The prices of one gas cylinder hiked to 127,5 TRY (43,000 SYP).
Watad Petroleum company, set up two years ago by the Salvation Government (the civil wing of HTS), monopolizes the fuels imported to Idlib city which is completely controlled by HTS.
In mid-November, Watad Petroleum increased the prices of oil derivatives in northwest Syria shortly after it had already surged their prices, a move that caused a widespread public contempt and rage in northwest Syria.
Watad Petroleum claimed that hikes in fuel prices and gas cylinder is because the Turkish lira tumbled against the USD.