LEBANON

Lebanon Raises Product Prices again 

The Lebanese Ministry of Industry and Oil has issued decrees raising the price of petroleum products in Lebanon by up to 46.7%, effective 21 June. The increase, which follows an even steeper hike in product prices introduced last November (MEES, 9 December), was occasioned by the recent sharp drop in the value of the Lebanese Pound to about $1 = LL45 last week from $1 = LL18 at the end of December and the acute fuel shortage in Lebanon in...