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)
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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.



Israel Strikes Beirut's Southern Suburbs once Again

Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon November 16, 2024. REUTERS/Thaier Al-Sudani
Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon November 16, 2024. REUTERS/Thaier Al-Sudani
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Israel Strikes Beirut's Southern Suburbs once Again

Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon November 16, 2024. REUTERS/Thaier Al-Sudani
Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon November 16, 2024. REUTERS/Thaier Al-Sudani

Israeli airstrikes hit Beirut’s Haret Hreik area in the southern suburbs again on Friday after evacuation warnings were issued to residents prior to the attacks by an Israeli spokesman.
The Israeli army issued evacuation orders to residents in the areas of al-Hadath and Haret Hreik, as well as several villages in Lebanon’s south requesting they move to north of Awwali River.
When it issues such a warning, Israel cites alleged presence of Hezbollah fighters or infrastructure in civilian areas as a justification for its airstrikes.
Avichay Adraee, spokesperson for the Israeli army, issued an evacuation warning to the residents of the towns of Tayba, Aadchit, Qusayr, and Deir Seryan, as well as to the residents of the towns of Burj al-Shamali and Maashuq in southern Lebanon.
He also requested the evacuation of residents from specific buildings in Hadath and Haret Hreik in the southern suburbs of Beirut.
Israeli attacks have killed at least 3,583 people and wounded 15,244 in Lebanon since October 2023, with 25 fatalities reported on Wednesday, the Lebanese health ministry said on Thursday.