December 8, 2022

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"Syrian trade" subsidized price raises petrol prices

“Syrian trade” subsidized price raises petrol prices

The Ministry of Internal Trade and Consumer Protection in the Syrian regime has raised the selling price of “octane 90” petrol on the “smart card” to ச 1,100 per liter, including the commission of station owners.

The incoming price includes an annual renewal fee for vehicles running on petrol, which is set at 29 Syrian pounds per liter, according to a decision issued by the Ministry on Saturday evening, December 12.

Trade Minister Amar Salem said on his pageFacebookCommenting on the decision, he said, “No country in the world has a subsidy of 1,100 Syrian pounds for fuels, including petrol, and the price of subsidized 90 octane petrol is less than half its price.”

The Minister added that the objective of the Government’s mission is to continue to protect basic commodities, including petrol, adding that “any action is not important to be popular, but rather to be right.”

He emphasized that the decision to raise petrol prices was a wise one and would help to correct the imbalance in the distribution of wealth and income.

According to Salem, “what is important and most important is genuine cooperation, honesty and transparency between the citizen and the state.”

read more: The deficit is forcing the Syrian regime to manage subsidized goods in three ways

During a meeting with academics at the University of Damascus on November 16, Hussein Arnes, the head of the regime’s government, challenged any economy in the world to withstand all forms of support in Syria. 750 for their price. True, it costs about 3300 Syrian pounds.

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From last March until the decision to raise was announced, the price of a liter of premium petrol “Octane 90” for the amounts reserved on the electronic card was 750 Syrian pounds per liter.

Areas under the control of the Syrian regime are generally affected by weakness in the hydrocarbon sector and the spread of queues at stations, and government solutions have not been fully overcome to date.

The Syrian regime has been maneuvering between rising prices, raising subsidies and reducing the number of allocations in dealing with subsidized goods. Control areas.

As of next year, the regime will remove parts of the Syrian population from support “because they do not need it.”

read more: Arnus promises solutions to “difficult” economic situation and excludes a quarter of Syrians from support