Syria Raises Subsidized Gasoline Price by 46%

The Syrian government raised the price of subsidized gasoline (via the electronic card) by about 46% to reach 1,100 liras, up from SYP 750.

The Ministry of Internal Trade and Consumer Protection said in Resolution No. 3598 that the price includes the annual renewal fee for vehicles operating on gasoline, which is set at SYP 29 per liter.

The ministry indicated that the implementation of the decision will start on Sunday, Dec, 12.

The ministry said that this measure comes with the aim of "reducing the huge losses in the oil subsidiary budget and to ensure that the gasoline is not interrupted or lacking in availability."

The ministry had raised the selling price of diesel and octane 90 gasoline, distributed outside the allocations and via the electronic card for machines and vehicles, by SYP 1,700 Syrian, while octane 90 gasoline at SYP 2500.