Cost of Fuel Exceeds Minimum Wage in Lebanon

Lebanese bank customers hold pictures of the owners of Lebanese banks calling them "the enemies of society", during a protest in downtown Beirut, Lebanon, 11 June 2022. (EPA)
Lebanese bank customers hold pictures of the owners of Lebanese banks calling them "the enemies of society", during a protest in downtown Beirut, Lebanon, 11 June 2022. (EPA)
TT
20

Cost of Fuel Exceeds Minimum Wage in Lebanon

Lebanese bank customers hold pictures of the owners of Lebanese banks calling them "the enemies of society", during a protest in downtown Beirut, Lebanon, 11 June 2022. (EPA)
Lebanese bank customers hold pictures of the owners of Lebanese banks calling them "the enemies of society", during a protest in downtown Beirut, Lebanon, 11 June 2022. (EPA)

The price of a 20 liters of fuel crossed the minimum wage in Lebanon for the first time since the eruption of the country's economic crisis.

The cost of fuel reached 700,000 Lebanese pounds, or 25 dollars, on Saturday, while minimum wage stands at 675,000 LL.

The cost of fuel has risen with the rise of the dollar against the pound and surge in fuel prices around the world due to the Ukrainian crisis.

Fuel distributors met on Saturday to address the crisis.

Representative of the distributors, Fadi Abu Shakra blamed the crisis on the rise of oil prices worldwide and the hike in the dollar rate on the Sayrafa platform and black market.

The people will no longer be able to handle the burden with fuel selling at 700,000 pounds, he added.

Despite incurring losses, the distributors have never waned in providing fuel to the people, he stressed.

He revealed that the distributors have requested an urgent meeting with caretaker Energy Minister Walid Fayyad to address the difficulties they are facing.

Owners of gas stations are suffering losses due to the great fluctuation in the exchange rate of the dollar to the pound, Abu Shakra said.



Israeli Military Says it Struck 'Key' Hamas Figure in Lebanon's Tripoli

People gather near a damaged car after the Israeli military said in a statement that it struck a "key" figure from Palestinian militant group Hamas, in Ayrounieh, northern Lebanon July 8, 2025. REUTERS/Walid Saleh
People gather near a damaged car after the Israeli military said in a statement that it struck a "key" figure from Palestinian militant group Hamas, in Ayrounieh, northern Lebanon July 8, 2025. REUTERS/Walid Saleh
TT
20

Israeli Military Says it Struck 'Key' Hamas Figure in Lebanon's Tripoli

People gather near a damaged car after the Israeli military said in a statement that it struck a "key" figure from Palestinian militant group Hamas, in Ayrounieh, northern Lebanon July 8, 2025. REUTERS/Walid Saleh
People gather near a damaged car after the Israeli military said in a statement that it struck a "key" figure from Palestinian militant group Hamas, in Ayrounieh, northern Lebanon July 8, 2025. REUTERS/Walid Saleh

The Israeli military said on Tuesday it had struck "key" figure from Palestinian militant group Hamas near the northern Lebanese city of Tripoli, the first targeted killing in the area for several months.

In a statement, Israel's military did not give the identity of the targeted person. There was no immediate comment from Hamas.

Lebanese state media said a car had been hit near Tripoli and the health ministry reported two people were killed and three others wounded, without identifying them, Reuters reported.

Hamas and other Palestinian militant groups maintain a presence in various areas of Lebanon, mostly in camps that have housed displaced Palestinians for decades.

Since Hamas' cross-border attack from the Gaza Strip into southern Israel in 2023, Israel has carried out targeted strikes on Lebanese armed group Hezbollah as well as members of Palestinian factions in Lebanon.

Hamas' deputy chief was killed in an Israeli airstrike on Beirut's southern suburbs in early 2024, and other strikes hit Palestinian camps in northern Lebanon.

A US-brokered ceasefire last year ended the conflict between Hezbollah and Israel, though Israel has continued to carry out strikes on what it says are Hezbollah arms depots and fighters, mostly in southern Lebanon.

Tuesday's strike near Tripoli was the first time a targeted assassination had taken place in the area since the truce.

Meanwhile, US envoy Thomas Barrack continued a two-day visit to Lebanon to discuss disarming Hezbollah and other militant groups.