The system of lessening the gasoline subsidy of the Ministry of Electrical power, equal to 50 shares involving the dollar rate of the “exchange” system and the value of the black current market, even now interacts, as a big range of petrol stations refused, yesterday , to open the doors, although other people have suspended their pipes in a variety of regions, pending clarification on the system. The new gas price tag that will be followed to be centered on what is needed.
Although abide by-up resources indicated that “the Banque du Liban and the Ministry of Electricity recommended oil importing organizations to reduce the subsidy amount on gasoline by 55% on the black market rate, following it was 70%. on the rate of the buying and selling platform and 30 for each cent on the black sector value “. This is the bank’s request to importing companies. To protected the remaining 45% of the sector in French pounds “.
As the sources disclosed that “the Central Bank’s selection has led to a increase in fuel selling prices, while diesel is even now priced in money,” they anticipated that “the disaster will continue on until finally the value is identified, and it is mounted on a unique quantity that interacts with the increase and tumble of the global oil selling price without the aid of the Lebanese treasury ”.
At the exact time, the cost of 95 and 98 octane petrol elevated by 16,000 Lebanese lbs, as did the cost of diesel and gas cylinders by 7,000 lbs .. The costs in the gasoline table are as follows: Petrol 95 octane: 591000 (+16000), Petrol 98 octane: 604000 (+16000), Diesel: 697000 (+7000), Gasoline: 335000 (+7000).
The oil importing firms, on the other hand, knowledgeable that “the gasoline will not be delivered to the stations, and the motive is the deficiency of clarity in the system for calculating the ratio on which the goods will be priced involving the trade dollar and the parallel sector at the Banque du Liban “.
For his section, a member of the Syndicate of Station Owners, George Al-Barraks, introduced that “the Banque du Liban proceeds the coverage of phasing out gasoline subsidies and a pricing set up program has been enacted with a share adjustment. of the greenback subsidized and insured by the Banque du Liban in accordance to the buying and selling system from 70% to 55% and an increase in the percentage of the unsubsidized greenback From 30% to 45%.
In his explanation of the raise in fuel rates, he pointed out that “the dollar trade rate, according to the trade system, has increased by £ 200 from £ 26,700 to £ 26,900. As for the greenback trade rate approved in the table for the import of 45% of petrol, diesel and gasoline, calculated on the basis of the parallel cost-free sector selling prices, which companies and importing stations have to secure in cash, it went from 33,150 to 33,950 pounds. As a result, the 95-octane gasoline can increased by 16,000 kilos to 591,000 lbs, as a end result of the equation between the decrease in the selling price of an imported kiloliter, about $ 6, and the impact of the fall in the dollar trade rate and the enhance in the dollar’s share of the parallel marketplace, in addition to its enhance of 800 lbs.
He continued: “As for the diesel tank, it elevated by 7,000 kilos to 697,000 pounds as a outcome of the equation in between the unchanged price tag of the imported kiloliter in modern method and the boost in the greenback trade charge according to the parallel market of Even. 800 kilos and the price of a fuel bottle has greater by 7,000 pounds to 335,000 pounds. “
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