Public Actions
Banque du Liban lowers fuel subsidies
Date:
Tuesday, August 16, 2022
Banque du Liban increased the proportion of fuel imports covered at the parallel market USD exchange rate to 30 percent, driving fuel prices up. BDL previously rescinded the subsidization of fuel imports completely at the Sayrafa rate and imposed in late July that fuel importers pay for 15 percent of their orders at the parallel market rate and the remainder at the government exchange platform, Sayrafa, rate.
Acting Bodies:
Lebanese Government
Type:
Resolutions
Categories:
Economic measures (State budget, rent law, wages...)
Impact:
National
Status:
Approved/ Ratified
Civil Society Response:
Not applicable