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Syria raises gasoline prices

by on October 05, 2013 10:20 AM

DAMASCUS, Syria (AP) — Syria’s government has raised the price of gasoline, a step likely to increase hardship for many Syrians already suffering from the economic consequences of civil war.

The government declaration was issued late Friday, raising a quarter gallon of gasoline from 45 cents on the black market to 57 cents.

Imad al-Assil, deputy minister of internal trade and consumer protection, said the decision would simultaneously raise transportation fees by 17 percent.

The increase will likely impact the price of other goods due to increased transportation costs. It will also likely raise heating costs for many households, which use gasoline-powered generators to cope with frequent outages.

Syria has been importing gasoline to make up for a shortfall in local production, interrupted by the 2½-year conflict.

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October 05, 2013 10:19 AM
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