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Al-Brax confirms no looming petroleum crisis in Lebanon

Lebanon's Petrol Stations' Syndicate Chief, Sami Al-Brax, on Wednesday utterly denied rumors being circulated via social media of an impending petrol crisis in Lebanon.

"There is neither a gasoline nor a fuel crisis looming in the horizon despite the syndicate's rejection of the price table issued by the Ministry of Energy and Water on Wednesday, December 4, 2019," Al-Brax said in a statement.

The new price table temporarily deducted LBP 475 from the station's ration for each gasoline unit to finance the fluctuations of the USD exchange rate upon import.

Source: National News Agency

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