VOL. XXXIX

No. 34

20-May-1996

LEBANON

Lebanon Raises Gasoline Prices By 9%

The Lebanese Minister of Industry and Oil, Mr. Chahe Barsoumian, last week issued a ministerial decision raising the retail price of gasoline by a little under 9%, with no change in the price of other petroleum products. The price of 20 liters of 98 octane unleaded gasoline increases from LL11,600 ($7.35) to LL12,600, ($7.98) while that of 92 octane gasoline rises from LL11,200 ($7.10) to LL12,200 ($7.73). The...