LEBANON
Lebanon's Higher Product Prices Cone Under Fire
The Lebanese Acting Minister of Industry and Oil, Mr. Camille Chamoun, has issued several decrees raising the price of petroleum products in Lebanon by up to 115.0% effective 30 November 1985. In a statement accompaying the decrees, Mr. Chamoun, who is also Minister of Finance, stated that an increase in product prices had become absolutely imperative as the growing deficit in the fuel subsidy fund currently estimated at...
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