LBCI

Gas stations consider closure amid calls for US Dollar pricing formula

21-03-2023 | 06:33

Share

Share

Gas stations consider closure amid calls for US Dollar pricing formula

2^min

Gas stations across the country are considering closure as calls for a pricing and payment formula in US dollars intensify amidst volatile exchange rates. The move aims to address fluctuating gas prices that have been causing uncertainty and instability in the market.

Head of the Union of workers and employees of fuel companies in Lebanon, Walid Dib, stated that "what is happening in the Lebanese fuel markets is a ‘big farce,’ and the concerned minister, who is currently out of the country, should issue a single price list instead of multiple lists in one day, based on the latest exchange rate of the US dollar.

He went on to say that the difference in prices should be settled the next morning, whether it has increased or decreased.

Dib then explained that setting the USD exchange rate starts at 10 am and issuing the list after this time causes chaos, confusion, and instability in the market, in addition to ignoring the promised implementation which is an unsuccessful way to control the market."

He concluded by saying that "the fuel that is supposed to light up the country is burning it."

Lebanon News

Lebanon

News

Gas

Stations

Petrol

Closure

Exchange Rate

Volatile

LBP

US

Dollar

Next

Israeli army claims striking Hezbollah arms depot in South Lebanon (Video)

Recommended For You

Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate

05:40

Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate

Lebanon ready for Emirati return amid tightened airport security, interior minister says

05:04

Lebanon ready for Emirati return amid tightened airport security, interior minister says

Georges Kettaneh tells LBCI: Lebanese Red Cross fully prepared but warns of declining international support amid global crises

04:59

Georges Kettaneh tells LBCI: Lebanese Red Cross fully prepared but warns of declining international support amid global crises

Israeli drone drops sound bomb on stone factory in Kfarkela — NNA

03:51

Israeli drone drops sound bomb on stone factory in Kfarkela — NNA

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Israeli artillery targets orchards in Wazzani outskirts, National News Agency reports

2025-03-30

Israeli artillery targets orchards in Wazzani outskirts, National News Agency reports

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

UAE lifts travel ban: Lebanon ramps up airport and tourism security

News Bulletin Reports

2025-05-06

UAE lifts travel ban: Lebanon ramps up airport and tourism security

Israeli strike kills one in Baaouerta in Damour

2025-04-22

Israeli strike kills one in Baaouerta in Damour

Videos

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

Israeli official urges international support for Lebanese government and army

Middle East News

2025-03-19

Israeli official urges international support for Lebanese government and army

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

2025-02-14

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

Most read

24 hours

7 days

Month

Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations

1

Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations

South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh

2

South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh

Two killed in Israeli strikes on South Lebanon

3

Two killed in Israeli strikes on South Lebanon

After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know

4

After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know

White smoke rises over Vatican, signaling election of new pope

5

White smoke rises over Vatican, signaling election of new pope

Fuel prices in Lebanon updated

6

Fuel prices in Lebanon updated

Tension in South Lebanon's Nabatieh following Israeli strikes on surrounding areas

7

Tension in South Lebanon's Nabatieh following Israeli strikes on surrounding areas

Key priorities in PM Salam’s Bekaa visit: Cannabis reform, border control and security

8

Key priorities in PM Salam’s Bekaa visit: Cannabis reform, border control and security

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More