Lebanon… a breakthrough with no solution to the gasoline crisis



Gasoline arrived at the stations yesterday, Monday, without changing that in view of the long queues in front of them, and the stifling traffic that accompanied them, knowing that the crisis will recede, according to those concerned, it will not start until two days later, with it likely that it will be renewed at the end of this month.

It was assumed, after the Banque du Liban announced last Thursday that it would continue to grant permissions to banks to open fuel import credits, provided that the mandatory employment was not affected, that the fuel crisis would begin to unravel, especially with importing companies delivering 12 million liters of gasoline to stations yesterday. However, this did not prevent long queues of cars from extending in front of these stations, from north to south, causing stifling congestion, and without any tangible improvement, which was attributed by the representative of fuel distributors, Fadi Abu Shakra, to the fact that “the distribution of gasoline is done according to the capacity of each company only. The goods are available according to the agreements,” stressing that “the crisis will not be completely resolved today (yesterday), but gasoline is available in the markets,” which means that the Central Bank’s decision contributes to alleviating the crisis, but it will not end it. And the solution, according to Abu Shaqra, “is that the state will decide whether to lift subsidies or rationalize. Let it take the decision it deems appropriate to end the scenes of queues.”

In the same vein, the statement of a member of the Syndicate of Station Owners, George Al-Barraks, came last Sunday, calling on the political authority to resolve its matter regarding support and securing dollars for import companies so that the crisis does not recur every two weeks. Al-Barraks explained to “Al-Akhbar” that the quantity distributed yesterday “is more than enough, but the improvement does not come in one day. It is supposed to start from today.” However, he stressed that resolving the queuing crisis is directly and mainly linked to the need for the Ministry of Economy to move to ensure that fuel reaches the stations. With the distribution of all the quantity, the rationing will gradually decrease, pointing out that “these quantities may be sufficient until the end of this month only.”


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