Lebanon fuel price up 70%; folk angry

By Agence France-Presse

Aug 24, 2021 12:45 am

BEIRUT: Lebanese fuel prices soared by up to 70 percent on Sunday after yet another subsidy cut, official figures showed, heaping more pressure on people struggling to make ends meet in the cash-strapped country.

The cost of hydrocarbons in Lebanon has now roughly tripled in the two months since the central bank started decreasing its support for imports.

People on their scooters and motorcycles wait in queue for gasoline in Beirut, Lebanon, Friday in Beirut, Lebanon, Wednesday, June 23, 2021. Lebanon is struggling amid a 20-month-old economic and financial crisis that has led to shortages of fuel and basic goods like baby formula, medicine and spare parts. The crisis is rooted in decades of corruption and mismanagement by a post-civil war political class. AP PHOTO

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