With the issuance of the new pricing for private electric generators for the month of August, which set the price of a kilowatt-hour at 48,241 liras in cities, densely populated areas, and areas located at an altitude of less than 700 metres, the Ministry of Energy and Water indicated that the tariff was calculated on the basis of an average price for a diesel fuel tank of 2,415,495 liras.
In this context, sources active in the generators sector told…“Lebanon 24” The price approved by the Ministry for a diesel fuel tank largely reflects the price at which generator owners currently obtain the material from the market and stations, especially after the decline in sales on the black market.
In this context, sources active in the generators sector told…“Lebanon 24” The price approved by the Ministry for a diesel fuel tank largely reflects the price at which generator owners currently obtain the material from the market and stations, especially after the decline in sales on the black market.
The sources explained that, during the past weeks, generator owners were resorting to the black market to secure their need for diesel, in light of the circumstances surrounding the availability of the material, but addressing this issue and the better return of diesel to the markets contributed to the decline in black market activity.
According to the sources, this development has led to relative stability in the mechanism for securing diesel for generator owners at the present time, making the price on which the Ministry of Energy relied in calculating the August pricing close to the actual cost that generator owners pay to obtain the material.
