In his statement to the local press, Fadi Ebu Şakra, representative of fuel companies in Lebanon, said that there was a severe decrease in stocks and urgent measures should be taken to prevent the complete shutdown of pumps in petrol stations.
Noting that all gas stations in the country are using their current stocks, Abu Shakra said, “We are on the verge of running out of fuel. warned.
Stressing that this is an issue that cannot be delayed, Abu Shakra said they continue to communicate with the relevant authorities.
GOVERNMENT SUBSIDIZED FUEL IS ILLEGAL IN SYRIA
In Lebanon, where the biggest economic crisis of the last 30 years has been experienced, the state subsidizes at 85% about 12 million liters of fuel consumed daily through the Central Bank.
Lebanese Energy Minister Rimun Gacar said in April that gasoline was illegally transported from Lebanon to Syria due to the price difference.
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Economists also point out that fuel smuggling across the Lebanese-Syrian border will not cease as long as the Lebanese central bank subsidies continue.
THE ECONOMIC CRISIS IN LEBANON, DEEPENED BY THE STRONG RISE OF THE DOLLAR, ALSO DRIVEN THE PHARMACEUTICAL INDUSTRY
Due to the economic crisis affecting drug imports and contraband actions, there is a shortage of drugs in the market. Besides the economic crisis caused by the political crisis in Lebanon and the depreciation of the local currency against the dollar, smuggling seriously affects the pharmaceutical industry.
The economic crisis, which erupted in October 2019 and worsened with the explosion of the Port of Beirut on August 4, 2020, continues to hit various sectors of the country.
Unlike the exchange rate set by the Central Bank at 1,510 lire, the free exchange rate is currently above 13,000 on the black market. On the other hand, there is a third exchange rate of 3,900 thousand determined by the Central Bank of the country for citizens who wish to withdraw their foreign currency deposits.
As the depreciation of the local currency continues due to the economic and political crisis, the country’s pharmaceutical industry is trying to survive. As a result of the worsening of the economic crisis due to the sharp rise in the dollar, imports of pharmaceuticals have hit, there is a shortage of drugs in the market.
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While pharmacies operating in the country have decided to strike on several occasions, some healthcare establishments and pharmacies have had to ration laboratory tests and drug sales due to the shortage of equipment.
It is reported that 600 pharmacies have been closed in the country since the start of the economic crisis and this number could increase further.