Lebanon's government announced on June 29th the average price of 20 liters of 95-octane gasoline would be raised by 35 percent to 61,100 Lebanese pounds, equivalent to 3,055 pounds or 2.03 dollars per liter. The move was widely expected after the government slashed fuel subsidies last week as it struggles to deal with a surge in global commodity prices and an economic and financial crisis.
Gasoline Prices in Lebanon averaged 0.85 USD/Liter from 1998 until 2021, reaching an all time high of 2.03 USD/Liter in June of 2021 and a record low of 0.35 USD/Liter in December of 1998. This page provides the latest reported value for - Lebanon Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Lebanon Gasoline Prices - values, historical data and charts - was last updated on July of 2021.
Gasoline Prices in Lebanon is expected to be 1.93 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gasoline Prices in Lebanon to stand at 1.65 in 12 months time. In the long-term, the Lebanon Gasoline Prices is projected to trend around 1.57 USD/Liter in 2022 and 1.49 USD/Liter in 2023, according to our econometric models.