Syria to increase fuel oil prices by 53 % to limit smuggling

August 10, 2011 ⋅ 8:39 pm ⋅ Post a comment

Filed Under Fuel oil, Smuggling, Syria

Syria will increase the retail price of fuel oil by 53 percent starting Sept. 15 to limit smuggling, the state-owned Thawra newspaper said.

The Arab country will sell fuel oil at 13,000 Syrian pounds ($275) a metric ton, up from 8,500 pounds currently, to reduce illicit selling of the subsidized fuel that can also be bought at global prices on the local market, it said, citing Abdullah Al-Khattab, general manager of the state-owned Syrian Co. for the Storage and Distribution of Petroleum Products.
Bloomberg

Discussion

4 comments for “Syria to increase fuel oil prices by 53 % to limit smuggling”

Please respect the community. Comments that contain personal attacks or inappropriate language will be removed.

Anonymous

Could the ‘Al@@ui Dogs’ be running low on money?? Why doesn’t Iran and it’s fuzzies just give them another money grant?

Anonymous

because they are struggling at home too…inshaAllah soon it will be their downfall both

Anonymous

Since when do higher taxes reduce smuggling ? Normally it adds to the black-market.

Anonymous

Could be a cool winter for the citizens who haven’t been arrested or killed. For the ones in jails and football stadiums – no heat at all.

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