Insurance

Queues for the 2nd consecutive day in front of the stations, despite insurance

Despite the reassuring words of professionals in the fuel sector, the queues of cars and the crush in front of gas stations across Lebanon continued Sunday, for the second consecutive day, against a backdrop of panic caused by an increase in price following the Russian invasion of Ukraine.

The queues of motorists caused monster traffic jams in Beirut, while drivers who honk their horns impatiently to be able to refuel, for fear of a shortage of gasoline stocks. Same scenes in Denniyé, in the North. In southern Lebanon, according to our correspondent Mountasser Abdallah, many stations were closed on Sunday, such as in Saïda where only four pumps out of more than twenty were open. In the North, in Koura, State Security agents forced stations to reopen for motorists. Another patrol from this security service also raided stations in Tripoli, checking whether they were selling their stocks at official prices, and forcing others to reopen their doors, according to our correspondent Souhayb Jaouhar. In Hasbaya, in the Bekaa, the security forces also checked several petrol pumps, according to the National Information Agency (Ani, official).

Photo sent by our correspondent Souhayb Jaouhar

No out of stock

With the rise in world oil prices, a consequence of the war in Ukraine, the prices in Lebanese pounds and dollars of all fuels – petrol, diesel and domestic gas – rose sharply last Thursday in Lebanon. A painful consequence in a country in crisis for more than two years and where purchasing power has collapsed at the rate of the national currency. This price hike has caused nervousness among many motorists, as some stations across the territory have decided to hang up their pumps while waiting for the new pricing next week, hoping to reap additional profits on quantities purchased at a lower cost.

In an attempt to defuse this new crisis that is looming, after the one from which the population suffered during the summer of last year, the leaders of the fuel sector held a speech which was intended to be reassuring.

“The gasoline is not out of stock. The quantities we receive are less than those we imported in the past, but they are sufficient for local needs,” the station spokesman said on Sunday. essence, Georges Brax, in a television interview. The trade unionist called on citizens to “not panic”. “The Bank of Lebanon must release the necessary funds to accelerate payments to ships (of fuel), especially if the situation is likely to worsen in the future,” he pleaded.

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If the representative of fuel distributors Fadi Abou Chacra had indicated on Saturday that the quantities “are enough for a few days”, the Minister of Culture Mohammad Mortada wanted to be more reassuring by indicating that “tank ships which are off will be unloaded on Monday or Tuesday at the latest”. The president of the union of hydrocarbon importing companies in Lebanon Maroun Chammas for his part estimated that “the market could experience a shortage of oil in March due to the difficulty in finding other sources”.

Mr. Chammas explained to the LBCI chain on Sunday that the quantities on the market “are sufficient for consumption, but not in the event of storage”. “These quantities will be sold according to the pricing which will be published on Monday. The price of a can of gasoline will not increase by more than 25,000 LL, and that of fuel oil by around 30,000 LL”, he further predicted.

Despite the reassuring words of professionals in the fuel sector, the queues of cars and the crush in front of gas stations across Lebanon continued Sunday, for the second consecutive day, against a backdrop of panic caused by an increase in prices following the Russian invasion of Ukraine. Lines of motorists were causing traffic jams…

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