VOL. XXXVI

NO. 48

30-AUGUST-1993

LEBANON

Lebanese Government Reduces Local Product Prices

The Lebanese Ministry of Industry andOil on 24 August issued a ministerial decision reducing the prices of petroleumproducts in the local market, where prices had been edging upwards because oflack of government regulation of prices since December 1992. With Lebanon'stwo refineries at Tripoli and Zahrani shut down, products are imported directlyby the private sector and not by the Lebanese Government. The...