LEBANON

Lebanon Hikes Product Prices and Removes Petroleum Subsidy 

The Lebanese Minister of Industry and Oil, Mr. Victor Kasir, has issued a decree raising the price of petroleum products in Lebanon by up to 58.3% effective 29 October 1984. The Minister explained that the new prices were fixed in accordance with the Lebanese Government's recent decision to cancel the existing subsidy on petroleum products in an attempt to bolster the ailing Lebanese economy. Mr. Kasir pointed out...