The representative of fuel distributors in Lebanon, Fadi Abu Chakra, called on the government to reconsider the tax imposed on gasoline, in light of the global rise in oil prices, and the accompanying increase in the cost of insurance and transportation as a result of security developments and the ongoing war in the region.
Abu Chakra indicated, in a statement, that gasoline prices witnessed a sharp rise during the recent period, explaining that the price of a plate exceeded the threshold of $28, which doubles the living pressures on citizens in Lebanon, amid the stifling economic crisis that continues to weigh on various sectors.
He added that the continued rise in fuel prices directly reflects on market movement and contributes to the decline in sales, warning of additional repercussions that may affect the economic cycle in the country if this upward trend continues.
He pointed out that the fuel crisis is not limited only to car owners, but extends to all production and service sectors, given the dependence of most economic activities in Lebanon on transportation and fuel, which leads to an additional rise in operating costs and daily prices.
Abu Chakra stressed the need to take quick steps to mitigate the impact of the crisis, calling for adopting a realistic approach that takes into account the difficult social and economic conditions and limits the impact of the rise in global oil prices on the Lebanese.
This warning comes at a time when global energy markets are witnessing rapid turmoil as a result of military tensions and regional disputes, which has led to an increase in oil prices and the cost of shipping and marine insurance, which has a direct impact on the Lebanese market, which relies almost entirely on imports to secure its fuel needs.
Fears are also increasing about continued pressure on citizens’ purchasing power, especially with the rising costs of transportation, electricity, and basic goods, in the absence of any clear support plan or government measures to alleviate the worsening living burdens.
