Syria Raises Fuel Prices by up to 40 Percent
Diesel prices jumped 40 percent while petrol rose 28 percent. Protests followed in multiple cities.
Syrian diesel prices increased by 40 percent on Sunday. Petrol prices rose by 28 percent in the same period. The government announced these hikes as temporary measures. Cited factors include global fuel costs and refinery maintenance.
Public unrest followed the price changes immediately. Demonstrators blocked a main highway for several hours. Crowds gathered in Hama, Khan Sheikhoun, and Maarat al-Numan. Footage shows protesters burning tyres in the streets.
Supply deficit drives import reliance
Syria produces 102,000 barrels of oil per day. Domestic demand stands at 325,000 barrels per day. Energy Minister Mohammed al-Bashir confirmed this gap on Saturday. The country relies on imports to cover the shortfall.
Refinery expansion targets higher capacity
The Baniyas refinery underwent a major overhaul. Its capacity will increase from 80,000 to 130,000 barrels per day. The Ministry of Energy stated this upgrade is part of long-term plans. They aim to expand refining and storage capabilities.
Economic recovery depends on fuel stability
Fuel supplies are critical for Syria's economic recovery. The nation seeks to rebuild after 14 years of war. The Ministry of Energy will review prices as global markets change. State media reported this strategy on Saturday.
The price hikes sparked intense debate on social media. Users reacted to the immediate cost impact. The government framed the moves as necessary adjustments. Market conditions remain volatile for local consumers.
