Middle East Economic Survey

VOL. LIV

No 23

6-Jun-2011

syria

Syria Cuts Gasoil Price By 25%

The Syrian government on 24 May announced a 25% reduction in the price of gasoil from S20 ($0.42)/liter to S15 ($0.32)/liter with immediate effect, in a move aimed at responding to popular demands for better living conditions and at addressing their economic and social needs. Syria has witnessed sporadic political unrest and violent street demonstrations for the past two months, which have left more...