Thursday, June 27, 2013

Voice of America: Syria Doubles Diesel Prices to Cut Cost of Subsidies

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Voice of America
Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries
Syria Doubles Diesel Prices to Cut Cost of Subsidies
Jun 27th 2013, 20:09

Syria has nearly doubled the price for diesel fuel to cut back on the cost of maintaining generous subsidies to the population after two years of war that crippled its economy.   The new official price of 60 pounds (33 U.S. cents) for a liter of diesel from state petrol stations is still a fraction of the commercial price for the fuel on the black market, the only way it is available in many parts of Syria.   Even in government-held areas, petrol stations that sell subsidized fuel ...

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