NO. 14



Lebanon Raises Oil Product Prices

The Lebanese Minister of Economy, Trade and Oil, Mr. Victor Qasir, issued adecree providing for a 60-100% increase on oil product prices in Lebanoneffective 7 January. The new increase which follows the last hike in pricesintroduced in June 1986 (MEES, 30 June 1986), was occasioned by the sharp dropin the value of the Lebanese Pound to the current rate of about $1=LL85 from$1=LL45 at the end of June last year. Some oil...