Fuel Prices Hiked Again

Fuel prices rose for a second time this week on Friday.

Here’s what we know:

• It has only been three days since fuel prices went up, with the last increase coming on Tuesday.

• Twenty liters of 95-octane gasoline now cost LL323,200, an increase of LL4,400 from Tuesday.

• Twenty liters of 98-octane gasoline cost LL334,400, an increase of LL4,600 from Tuesday.

• Diesel jumped by LL18,700 to reach LL357,600 per 20 liters, while household gas rose LL18,600 to reach LL312,100.

• George Brax, spokesperson for the gas station owners’ syndicate, said the price increase reflected a weakening of Lebanon’s currency, as international oil prices have not changed over the course of the week.