Petrol

Energy Minister Proposes Suspending Tariff Hike on Petroleum Products

Energy and Water Minister Joe Saddi announced that he has proposed cancelling or suspending the recent increase in customs duties on petroleum products, which was approved by the Cabinet during its session on May 29. “While I fully support the principle of providing financial assistance to all military personnel, both active and retired,” ...

Oil Derivatives: Prices Linked to Security Concerns

In Lebanon, a country plagued by violent military actions, disruptions in the supply chain were predictable, although they remain limited for now. One of the most vulnerable sectors is the importation of oil derivatives. On Friday, tankers registered under the Italian flag were six kilometers off the Lebanese coast when they received orders to ...