{"id":60268,"date":"2020-06-23T00:00:00","date_gmt":"2020-06-23T00:00:00","guid":{"rendered":"https:\/\/www.beirut.com\/60268\/rumors-of-ending-subsidization-spark-fears-of-pricey-fuel-in-lebanon"},"modified":"2023-05-08T13:45:02","modified_gmt":"2023-05-08T13:45:02","slug":"rumors-of-ending-subsidization-spark-fears-of-pricey-fuel-in-lebanon","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/60268\/rumors-of-ending-subsidization-spark-fears-of-pricey-fuel-in-lebanon\/","title":{"rendered":"Rumors Of Ending Subsidization Spark Fears Of Pricey Fuel In Lebanon"},"content":{"rendered":"In a proposal presented by the Minister of Economy Raoul Nehme, details of lifting the governmental subsidy on combustibles (diesel fuel and gasoline) were revealed as part of a plan to end the smuggling of fuel across borders and to ease the government&#8217;s financial strains. <br \/>  <br \/>  <B><i>Editorial Purpose:<\/b> We are sharing this piece of content to keep you in the loop on the latest happenings in the country.<\/i><br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/60268.png\"><br \/>  <br \/>  In the proposal, Nehme recommends lifting the subsidy as soon as August 1st, 2020 wherein fuel vouchers would be given to public transportation drivers, and distributors would purchase the fuel through banks using Lebanese Lira. <br \/>  <br \/>    <blockquote class=\"twitter-tweet\"><p lang=\"ar\" dir=\"rtl\"><a href=\"https:\/\/twitter.com\/hashtag\/Lebanon?src=hash&#038;ref_src=twsrc%5Etfw\">#Lebanon<\/a> <a href=\"https:\/\/t.co\/YZrtnpYpDG\">pic.twitter.com\/YZrtnpYpDG<\/a><\/p>\u2014 Ahmad M. Yassine (@Lobnene_Blog) <a href=\"https:\/\/twitter.com\/Lobnene_Blog\/status\/1275334179891417088?ref_src=twsrc%5Etfw\">June 23, 2020<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>  <br \/>  <br \/>  One major concern critics of this proposal have is that in an effort to stop fuel smuggling and stabilize the Lira, 20 liters of fuel is expected to hit at least 50,000 LL, a far cry from the current  23,500 LL we pay. Additionally, diesel for generators is also expected to get way more expensive, only further burdening the already drowning Lebanese citizen.  <br \/>  <br \/>  The proposal also suggests lifting the subsidy on bread. You can read the full proposal below:<br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/60268-1.png\"><br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/60268-2.png\"><br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/60268-3.png\"><br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/60268-4.png\"><br \/>  <br \/>  <br \/>  <b>More like this:<\/b><br \/>  <br \/>  <a href=\"https:\/\/www.beirut.com\/l\/60262\" target=\"_new\" rel=\"noopener\">EDL Puts Up New Barriers, More Electricity Cuts To Come?<\/a>    <figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><figure class=\"wp-block-image size-large\" ><img loading=\"lazy\" decoding=\"async\" width=\"141\" height=\"250\" data-id=\"435485\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-5-141x250.png\" alt=\"\" class=\"wp-image-435485\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-5-141x250.png 141w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-5-338x600.png 338w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-5.png 576w\" sizes=\"auto, (max-width: 141px) 100vw, 141px\" \/><\/figure><figure class=\"wp-block-image size-large\" ><img loading=\"lazy\" decoding=\"async\" width=\"141\" height=\"250\" data-id=\"435487\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-6-141x250.png\" alt=\"\" class=\"wp-image-435487\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-6-141x250.png 141w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-6-338x600.png 338w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-6.png 576w\" sizes=\"auto, (max-width: 141px) 100vw, 141px\" \/><\/figure><figure class=\"wp-block-image size-large\" ><img loading=\"lazy\" decoding=\"async\" width=\"141\" height=\"250\" data-id=\"435489\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-7-141x250.png\" alt=\"\" class=\"wp-image-435489\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-7-141x250.png 141w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-7-338x600.png 338w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-7.png 576w\" sizes=\"auto, (max-width: 141px) 100vw, 141px\" \/><\/figure><figure class=\"wp-block-image size-large\" ><img loading=\"lazy\" decoding=\"async\" width=\"141\" height=\"250\" data-id=\"435491\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-8-141x250.png\" alt=\"\" class=\"wp-image-435491\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-8-141x250.png 141w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-8-338x600.png 338w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/60268-8.png 576w\" sizes=\"auto, (max-width: 141px) 100vw, 141px\" \/><\/figure><\/figure>    ","protected":false},"excerpt":{"rendered":"<p>In a proposal presented by the Minister of Economy Raoul Nehme, details of lifting the governmental subsidy on combustibles (diesel fuel and gasoline) were revealed as part of a plan to end the smuggling of fuel across borders and to ease the government&#8217;s financial strains.<\/p>\n","protected":false},"author":0,"featured_media":435493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ai_generated_summary":"","_preview_accessed":0,"_lftp_listicle_injection":"","footnotes":""},"tags":[],"media-embed-type":[],"class_list":["post-60268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"authorship":[56],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rumors Of Ending Subsidization Spark Fears Of Pricey Fuel In Lebanon<\/title>\n<meta name=\"description\" content=\"In a proposal presented by the Minister of Economy Raoul Nehme, details of lifting the governmental subsidy on combustibles (diesel fuel and gasoline) were revealed as part of a plan to end the smuggling of fuel across borders and to ease the government&#039;s 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