Syria Raises Fuel and Cooking Gas Prices

Syria, as one of the countries affected by economic crises and civil wars, has recently decided to raise the prices of fuel and cooking gas. These changes come in response to the increase in global energy costs and due to a decrease in domestic refining capacity. The price of 95 octane gasoline has increased from 152 Syrian pounds ($1.25) to 195 Syrian pounds ($1.60) per liter, which is equivalent to a 28.3% increase.

Price Increases and Their Reasons

According to the Permanent Committee for Pricing Oil Products and Mineral Resources in Syria, the price of 90 octane gasoline has also risen from $1.21 to $1.52 per liter, marking an increase of 25.9%. Additionally, the price of diesel has risen from about $1.03 to $1.44 per liter, reflecting a 40% increase. The Syrian Ministry of Energy has emphasized that these increases are temporary and are due to unprecedented costs of procuring oil products from international markets and also major repairs at the Baniyas refinery, one of the main suppliers of fuel for the domestic market.

Read more: Fear of Wall Cracks: Claims of Landslide Damages in Britain Rise

Economic and Social Consequences of This Decision

These price changes could have profound effects on the daily lives of Syrian citizens. Given the unfavorable economic situation and the livelihood crises that the people of this country are facing, the increase in fuel prices could lead to higher living costs and a decrease in household purchasing power. This could put additional pressure on families, especially when many struggle to meet their basic needs.

While the Syrian government emphasizes the temporary nature of these increases, concerns about the sustainability of these changes and their impact on the national economy continue. Economic experts believe that the rise in fuel prices could lead to increases in the prices of other goods and services, ultimately resulting in greater economic instability.

As a result, this decision not only affects the fuel market but could also fuel social discontent. Given the current situation in Syria and the numerous challenges the government faces, this price increase could become a turning point in the relationship between the government and the people.

Read more: Dr. Pezeshkian: The Doors of Iran's Economy Are Open to South Africa · Meeting of Hakan Fidan, Turkey's Foreign Minister, with Ahmad al-Shara in Damascus