VOL. XLII

No. 35

30-August-1999

LEBANON

Lebanon Again Raises Petroleum Product Prices

Lebanonç—´ Oil Minister Sulaiman Tarabulsi issued on 21August a ministerial decree, the second for this month, raising the retailprices of petroleum products on the local market with immediate effect (for thedetails of the last increase, see MEES, 23 August). The Ministerexplained that this second increase in domestic product prices was necessitatedby the rise in crude and product prices on international markets....