Syria raises fuel and gas prices amid mounting economic pressures

The Syrian Company for the Storage and Distribution of Petroleum Products, “Mahroukat,” has raised the prices of fuel and gas products, including diesel, gasoline, and domestic gas cylinders.

According to Syria’s state news agency SANA, the company set the new prices of petroleum derivatives in the local market, effective Thursday, as follows:

First-grade diesel: $0.88 per liter.
90-octane gasoline: $1.10 per liter.
95-octane gasoline: $1.15 per liter.
Domestic gas cylinder: $12.50.
Industrial gas cylinder: $20.

The prices were also set in the new Syrian pound, based on a fuel exchange rate of 133 pounds per US dollar. Under the new pricing structure, the price of diesel increased from $0.75 to $0.88 per liter.

The move is expected to trigger a new wave of price increases affecting consumer goods and essential commodities in local markets.

Explaining the reasons behind the price adjustment, the Syrian Petroleum Company said the measures are aimed at ensuring the sustainability of services and maintaining supply continuity amid regional and international developments impacting the energy sector, in a way that balances service stability with uninterrupted provision.

The company added that the adjustment in fuel derivative prices comes in light of continued global increases in oil prices, rising supply and shipping costs, as well as the repercussions of ongoing regional conditions, which have placed additional pressure on the energy sector.

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