Fuel prices in Lebanon recorded a new high, Friday morning, after the Ministry of Energy and Water issued a new price schedule, which showed an increase in the 95 and 98 octane gasoline fuel tanks, and a greater increase in the price of diesel fuel.
According to Resolution No. 698 issued by the General Directorate of Petroleum in the Ministry of Energy and Water, the maximum selling price of liquid fuels to the consumer in various Lebanese territories was set as follows:
95 octane gasoline: 2,458,000 liras per can, up 3,000 liras
98 octane gasoline: 2,476,000 liras per can, up 3,000 liras
Diesel for motor vehicles: 2,367,000 liras per plate, an increase of 19,000 liras.
The Ministry also set the dollar exchange rate approved in the pricing, until a new schedule is issued in accordance with the rules, for citizens wishing to pay in US dollars, at 89,700 liras to the dollar.
The Ministry of Energy and Water periodically issues a fuel price composition schedule according to the movement of oil prices and its derivatives, the cost of importation, and the approved pricing elements, which is directly reflected in the prices of gasoline and diesel in the Lebanese market.
Fuel prices in Lebanon remain highly affected by the movement of oil prices and its derivatives in global markets, in addition to the cost of import, shipping, insurance, and the dollar exchange rate used in calculating pricing, which makes price tables vulnerable to successive changes between rise and fall.
Gasoline prices have witnessed remarkable fluctuations in recent months in parallel with the turmoil affecting global energy markets. According to fuel price data, the price of a liter of 95 octane gasoline in Lebanon reached about 122,200 liras on August 3, 2026, before prices recorded new adjustments during the following days.
As for diesel, its price movements are of double importance to the Lebanese, given its direct connection to the cost of transportation, heating, and production, in addition to its widespread use in operating private generators. Therefore, any increase in its price affects not only the fuel bill, but also extends to the cost of a large number of goods and services in the local market.
