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oil and gasFebruary 16, 2023

Fayyad says gasoline won't be priced in USD

Caretaker Energy Minister Walid Fayyad has stressed that gasoline will not be priced in USD.

Responding to a warning from station owners that they would go on strike unless gasoline is priced in USD, Fayyad told LBCI TV that “the Ministry is working on a platform in order to issue more than two price tables per day in order to catch up with the exchange rate fluctuations.”

“But we will not price gasoline in USD and we will not violate the law,” Fayyad added.

“As per the consumer protection law, the substance must be delivered to citizens in Lebanese lira,” he went on to say.