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.



French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
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French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)

People in France must work more, Finance Minister Antoine Armand said on Monday, adding that the fact that French people worked less than their counterparts in Europe was harming the economy due to lower tax contributions and social security payments.

The government is examining reforms to speed up its sluggish economic growth, although changes to work practices are often opposed by trade unions.

"On average, a French person works clearly less than his neighbors, over the course of a year," Armand told C News TV.

"The consequence of this is fewer social security payments, less money to finance our social models, fewer tax receipts and ultimately fewer jobs and less economic growth."

France, the euro zone's second biggest economy, wants to cut its public deficit to a targeted 5% of GDP by 2025.

The country's 35-hour work week, introduced in 2000, has typically been fiercely defended by trade unions, while reforms to France's pension system have also faced widespread protests.

"Let's all work a bit more, collectively speaking, starting off by making sure that everyone respects the working hours that they have been given, in all sectors," Armand said.