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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Syria More Than Doubles Petrol Prices

United Nations Syria Petrol SANA
In this file photo taken on May 10, 2020, pedestrians walk along a line of cars in a busy street in the Syrian capital Damascus LOUAI BESHARA AFP/File

Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country facing fuel shortages and extended power cuts.

The cost of a liter of subsidized fuel will rise to 2,500 Syrian pounds, from 1,100 previously, a rise of 127 percent, the ministry said in a statement quoted by the official SANA news agency late Saturday.

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