Lebanon Faces Gasoline Crisis, Unprecedented Meat Price Hike

 Vehicles queue for fuel at a gas station in the village of Msayleh, Lebanon March 16, 2021. (Reuters)
Vehicles queue for fuel at a gas station in the village of Msayleh, Lebanon March 16, 2021. (Reuters)
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Lebanon Faces Gasoline Crisis, Unprecedented Meat Price Hike

 Vehicles queue for fuel at a gas station in the village of Msayleh, Lebanon March 16, 2021. (Reuters)
Vehicles queue for fuel at a gas station in the village of Msayleh, Lebanon March 16, 2021. (Reuters)

With the imminent lifting of subsidies on basic supplies, a fuel crisis emerged in Lebanon in parallel with a further increase in the prices of food products, especially meat and poultry, which prompted the General Labor Union to threaten to take to the streets after Eid Al-Fitr holiday.

On Monday, a large number of gas stations abstained from supplying cars with gasoline, while long queues of vehicles waited since early morning to receive a maximum amount of 20 liters of gasoline, a ceiling set by the stations that decided to remain open.

The representative of fuel distributors, Fadi Abu Chakra, said that the current gasoline crisis was due to rumors about an imminent rationalization of subsidy and fear that fuel prices would double.

In remarks to Asharq Al-Awsat, he explained that citizens have rushed to fill and store gasoline over the past few days, which led to fuel scarcity in the market.

Abu Chakra clarified that until the moment, subsidy on gasoline has not been lifted; hence prices have not increased, adding that the distributing companies would complete on Tuesday the distribution of gasoline, which is supposed to end this crisis.

The Lebanese army had recently announced thwarting several operations of fuel smuggling into Syrian territory and the arrest of Lebanese and Syrian people involved in smuggling activities.

Meanwhile, prices of foodstuffs witnessed a major increase over the past two days, especially in meat and poultry, after workers in the sector announced that the Central Bank had stopped securing subsidized dollars for importing meat and poultry supplies.

Citizens rushed to the supermarkets after the syndicate announced that the price of chicken would rise by more than 40 percent within weeks. Moreover, a number of butcheries closed their doors protesting the lack of subsidized meat, while others increased the price of a kilo of meat by 30 percent compared to the past week.

The President of the General Labor Union, Bechara Al-Asmar, warned that the union would not stand idly by amid what he called a "programmed chaos" aimed at starving the people, threatening to take to the streets after Eid Al-Fitr holiday.



Saudi Arabia Records Significant Increase in Potato Production

Saudi Arabia Records Significant Increase in Potato Production
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Saudi Arabia Records Significant Increase in Potato Production

Saudi Arabia Records Significant Increase in Potato Production

The Saudi Ministry of Environment, Water and Agriculture announced a remarkable 47% increase in potato production in 2023, achieving a self-sufficiency rate of 86% with over 621,750 tons of potatoes produced compared to 423,770 tons in 2021.

This milestone was achieved after more than 17,000 hectares of land were cultivated with potatoes in 2023, up from 15,890 hectares in 2021. The potato production surge has positively impacted the manufacturing sector, stimulating investment and the use of advanced technologies.

According to the Ministry, overall vegetable production in 2023 reached 3.21 million tons, marking a 19% rise from 2020.

The significant improvement in agricultural productivity and its SAR109 billion contribution to the GDP are attributed to the Ministry's strategic initiatives focused on boosting self-sufficiency, attracting investments, and providing financial support, including increased financing rates for modern technology-based projects.

By prioritizing local production and reducing reliance on imports, the ministry aims to achieve the goals outlined in Saudi Vision 2030 and diversifying the national economy.