Lebanese energy ministry to issue new fuel prices on Oct. 11

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Lebanon’s LBCI TV said on Sunday that the energy ministry informed importers that it will issue new fuel prices on Monday to solve distribution problems.

Lebanon is in the grip of an energy crisis that has deepened as supplies of imported fuel have dried up. Power supplies were back to normal on Sunday after a blackout the previous day when the country’s two biggest power stations shut down because of a fuel shortage.

Lebanon’s energy ministry had said earlier on Sunday it received central bank approval for $100 million in credit to issue fuel import tenders for electricity generation.

The country’s power supplies were back to normal on Sunday after a blackout the previous day when the country’s two biggest power stations shut down because of a fuel shortage, the Energy Ministry said.

The closure piled further hardship on Lebanese struggling with job losses, soaring prices and hunger wrought by the country’s worsening financial meltdown.

The ministry said it had received central bank approval for $100 million in credit to issue fuel import tenders for electricity generation, adding the country’s grid had resumed supplying the same amount of electricity as before the complete outage.

On Saturday, Lebanon’s two largest power stations, Zahrani and Deir Ammar plants, shut down due to fuel shortages, bringing the Lebanese power network to a complete halt.

The Lebanese army agreed on Saturday evening to provide 6,000 kiloliters of gas oil distributed equally between the two power stations, the state electricity company said in a statement reported by the official National News Agency.

Reuters

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