Beirut: Oil prices rose in Lebanon on Friday, as the price of 95-octane and 98-octane gasoline increased by LBP 12,000 per tank, while diesel saw a rise of LBP 10,000. The cost of a gas cylinder remained unchanged.
According to National News Agency – Lebanon, the new pricing update reflects the ongoing adjustments in the global oil market that have been impacting local fuel costs. The revised prices set 95-octane gasoline at LBP 1,324,000 and 98-octane gasoline at LBP 1,364,000. Diesel prices adjusted to LBP 1,242,000, while the price for a gas cylinder stayed consistent at LBP 1,197,000.
This development occurs as Lebanon continues to navigate a series of economic challenges. The adjustments in oil prices are significant for consumers and businesses alike, affecting transportation and heating costs across the nation. The impact of these changes is yet to be fully realized as the country continues to grapple with its broader economic situation.