Lebanon is witnessing a sharp decline in the import of oil derivatives (Hussein Beydoun)</p><div><p>Gas stations boarded in <a target="_blank" href="https://www.alaraby.co.uk/taxonomy/term/10669" rel="noopener">Lebanon</a>By stopping receiving customers within the next few days, due to the depletion of derivatives from its stations and storage wells.
This came, according to press statements, on Wednesday, by the representative of fuel distributors in Lebanon, Fadi Abu Chakra, at a time when the country is witnessing a sharp decline in the import of oil derivatives due to the lack of liquidity in foreign exchange.
In a statement to local media; Including Radio Free Lebanon, Abu Chakra warned of the negative current situation in the fuel sector, “however, contacts are continuing with those concerned, and the matter cannot be postponed.”
He believed that the crisis could be resolved within 24 hours, if a decision was taken to open the financial credits needed to unload the ships on the Lebanese coast.
For months, companies supplying fuel needed to produce energy or vehicles for the local market have required that the value of shipments be transferred in advance before unloading their cargo in wells located near ports.
ويدعم Central Bank of Lebanon 85% of the cost of importing fuels, by covering the difference between the official dollar exchange rate (1515 liras) and the parallel market (13,000 liras currently).
During 2020, the cost of support for importing gasoline amounted to 963 million dollars, and diesel 1.075 billion dollars, according to official data, at a time when the central bank is suffering an accelerating decline in foreign currency reserves.
Lebanon consumes 12 million liters of fuel daily, and each imported ship contains 40 million liters of these materials.
On Wednesday, fuel prices increased, as the price of a can of gasoline (20 liters) reached 41,800 pounds (28 dollars according to the official price), while the price of diesel was 30 thousand Lebanese pounds.
Invitations came out, by activist groups in October 17 uprising To take to the streets in light of the deteriorating economic, social and living conditions and the crises that are exacerbating daily and affecting various sectors.
The health sector is living in unprecedented conditions Medical services stop To the interruption of medicines and the threat of pharmacies to close and the general strike to rationalizing the entry of the insured to hospitals, in addition to the fuel and electricity crisis and its effects on telecommunications services, the Internet, and so on.
On Tuesday, protesters blocked a number of roads in more than one area to protest against the deterioration of the situation Economic and living conditions In the country and to demand the departure of the ruling political class that pushed Lebanon to a complete collapse, while preparations are being made for a number of moves in the coming days, affecting the Banque du Liban and banks in general.
(Anatolian, New Arab)