Middle East Economic Survey

VOL. LIV

No 4

24-Jan-2011

syria

Syria Plans To Raise Domestic Price Of Fuel Oil To Market Level

The Syrian government has announced plans to gradually raise the domestic price of fuel oil with effect from 1 April 2011, in a bid to match international prices. The current subsidized price of S8,500 ($182.80)/ton for the industrial sector will rise to S13,000 ($279.60)/ton on 1 April, S16,000 ($344.10)/ton on 1 January 2012, S20,000 ($430.10)/ton on 1 January 2013...