Category Archives: Oil
Gasoline prices rose by LL700, Diesel by LL200 while gas prices dropped by LL200.
Energy Minister Gebran Bassil agreed on the fuel prices list for this week, adding that the price of 20 liters of gasoline will be increased by 500 LL.
The Public Works and Transportation Ministry is set to operate 27 additional buses across Greater Beirut, a statement issued Friday said, as a law removing VAT on gasoil and diesel became effective.
Gasoline prices rose once more Wednesday with the price of 98-octane graded fuel increasing by LL700 and that of 95-octane graded fuel by LL600.
Gasoline prices were up Wednesday LL600 for the 98-octane graded fuel and almost LL1,000 for the 95-octane graded fuel, according to the Energy and Water Ministry.
BEIRUT: Fuel prices rose for a sixth week in a row Wednesday, with gasoline increasing by up to LL500, according to the Energy and Water Ministry’s latest price list update.
Oil giant Exxon Mobil has won $908m (£586m) from an arbitration panel after the nationalisation of its Venezuelan oil project in 2007.
Oil climbed above $100 a barrel in New York to a five-month high as Enbridge Inc. said it will reverse the direction of the Seaway pipeline, adding an outlet for crude from the central U.S. and Canada.
Gasoline prices continued their decline Wednesday, with petrol falling by LL800. Diesel and fuel oil also fell by LL500.
BEIRUT: Fuel prices rose LL300 Wednesday, according to the Energy and Water Ministry, as taxi drivers readied for their planned Sept. 15 strike over the government’s failure to compensate for rising fuel prices.