Lebanon's Fuel Importers Suspend Operations in Protest of Parliamentary Tax Decision

Lebanon's companies responsible for importing gasoline, diesel, and gas have declared a suspension of fuel deliveries to distributors starting Wednesday morning. This move includes halting importation operations, and it is a form of protest against the parliament's decision to impose an extraordinary tax on companies that imported subsidized goods in 2020 and 2021.

In their statement, the importers emphasize the need for "solutions" and express a willingness to resume fuel supply to the market, even on Sundays, once the issue is resolved. The companies argue that they did not benefit from subsidization; instead, it was exclusively the Lebanese consumers who benefited. They criticize the parliament's decision, stating that it lacks any study or justification.

The importers warn that approving the extraordinary tax could lead to the collapse of the importation sector. Imposing substantial fines may have negative repercussions on the companies' activities and their relationships with banks and exporters, potentially depriving them of the capability to continue importing. Additionally, the companies highlight the potential adverse impact on tens of thousands of employees and their families if the companies face bankruptcy.

This announcement has raised concerns among motorists, and queues at gas stations reappeared on Wednesday. The importing companies are scheduled to hold a press conference at 3 pm to provide more details about their decision.