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Lebanese c.bank to provide $225 mln in financing for fuel

by News Wires
August 22, 2021
in Business
Car drivers wait to get fuel at a gas station, after the central bank decided to effectively end subsidies on fuel imports, in Damour, Lebanon, August 13, 2021.

Car drivers wait to get fuel at a gas station, after the central bank decided to effectively end subsidies on fuel imports, in Damour, Lebanon, August 13, 2021.

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BEIRUT – The Lebanese central bank will open a temporary account providing additional subsidies for fuel imports up to a maximum of $225 million until the end of September, senior Lebanese officials decided, in a bid to ease the fuel crisis.

A statement issued after a meeting of officials including President Michel Aoun and central bank governor Riad Salameh said the ministry of energy would issue fuel prices.

Tags: Fuel importsLebanonsubsidies

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