Lebanon's government raised on September 22nd the average price of 20 liters of 95-octane gasoline to 202,400 Lebanese pounds, equivalent to 10,120 pounds or 6.72 US dollars per liter, as it seeks to ease crippling shortages amid a surge in global commodity prices and an economic and financial crisis. The latest price hike is widely seen as a prelude to a final and definite lifting of fuel subsidies by the government.
Gasoline Prices in Lebanon averaged 1.01 USD/Liter from 1998 until 2021, reaching an all time high of 6.72 USD/Liter in September 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 October of 2021.
Gasoline Prices in Lebanon is expected to be 6.38 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lebanon Gasoline Prices is projected to trend around 5.20 USD/Liter in 2022 and 4.94 USD/Liter in 2023, according to our econometric models.