WorldThe Lebanese army: we will confiscate the fuels stored in the closed...

The Lebanese army: we will confiscate the fuels stored in the closed stations


AA / Beirut

The Lebanese army announced on Saturday that it would raid closed gas stations in the country and confiscate all quantities of stored fuels.

This is what emerges from a statement from the Army Command posted on Twitter, after a large number of gas stations closed their doors to customers due to the lack of an official price of fuel after the lifting of subsidies.

The army command said its units will start raiding closed gas stations and confiscate all quantities of fuel stored at these stations.

“The quantities seized will be distributed directly to the citizens without compensation”, can one read in the press release of the army which did not mention the method to be adopted to distribute the quantities seized.

Remember that the Central Bank announced on Wednesday that it would stop subsidizing, from Thursday, August 12, the import of fuel at the official dollar rate.

In June, the Banque du Liban began providing foreign currency credit lines needed to purchase fuel at the rate of LL / USD 3,900.

A study prepared by the company “International Information” (private) suggested increasing the price of a can of gasoline (20 liters) from 75,000 pounds to 336,000, and a can of diesel (diesel), from 57,000 pounds to about 279,000, after the decision to lift the fuel subsidies.

The dollar exchange rate on the parallel market is around 20,000 pounds, against 1,510 pounds, the official rate.

* Translated from Arabic by Wejden Jlassi

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