Prices Fly High: Lebanon’s Central Bank Ends Subsidies for Fuel Imports

Islam Times - Adding fuel to the agitating economic crisis Lebanon is passing through, the country’s central bank governor Riad Salameh announced Wednesday night that he will provide a line of credit for fuel importers at market price, ending subsidies on the scarce resource. The move is likely to send prices soaring in a country already in the throes of an economic crisis.

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