logo
Lebanon's fuel prices see a significant increase

Lebanon's fuel prices see a significant increase

LBCIa day ago

On Friday, June 27, 2025, the price of 95 octane increased by LBP 13,000, and that of 98 octane fuel rose by LBP 14,000, diesel increased by LBP 29,000, while gas prices remained unchanged.
The current prices for hydrocarbon derivatives are as follows:
- Gasoline 95 octane: LBP 1,582,000
- Gasoline 98 octane: LBP 1,622,000
- Diesel: LBP 1,528,000
- Gas canister: LBP 907,000

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lebanon next? Elon Musk calls Lebanese president as Starlink eyes new market
Lebanon next? Elon Musk calls Lebanese president as Starlink eyes new market

LBCI

time12 hours ago

  • LBCI

Lebanon next? Elon Musk calls Lebanese president as Starlink eyes new market

Report by Ghida Fayad, English adaptation by Karine Keuchkerian This is not a rumor: "Tech king" Elon Musk has called Lebanese President Joseph Aoun. So why did he call? The call came two weeks after a delegation from Starlink visited Lebanon and presented the president with a proposal outlining Starlink's services. Negotiations, which had already begun between Lebanon's telecom ministry and the company, have since advanced. Talks now focus on the Lebanese state's potential revenue from Starlink services, which is reportedly confirmed and on its way. So why Lebanon? Elon Musk, who leads Tesla, Starlink, and SpaceX, is expanding his companies' global footprint. After investing in 136 countries, he has now set his sights on Lebanon. Musk is interested in Lebanon's telecom and internet sectors and believes the upcoming phase could be full of opportunity. Sources familiar with the discussions say Starlink's interest was sparked by Lebanon's human capital and young talent. Lebanon, in turn, needs what Starlink offers. Many remote areas still lack strong landline networks or any telecom infrastructure — especially those hit by the recent war, from the South to the Bekaa. That makes Lebanon a market in need and one with strong revenue potential for the company. It seems Elon Musk is excited — and President Aoun did not let that energy go to waste. He gave Musk a warm welcome and said Lebanon is ready to facilitate everything his companies need within legal and regulatory frameworks. Aoun also invited Musk to visit Beirut, and Musk reportedly promised to take up the offer at the first suitable opportunity. Could this meeting mark the start of a new tech chapter for Lebanon?

Names released, fear spreads: Israel escalates 'financial war' on Hezbollah with latest targeting
Names released, fear spreads: Israel escalates 'financial war' on Hezbollah with latest targeting

LBCI

time12 hours ago

  • LBCI

Names released, fear spreads: Israel escalates 'financial war' on Hezbollah with latest targeting

Report by Edmond Sassine, English adaptation by Karine Keuchkerian This was not just another isolated Israeli strike. The targeting of Haytham Bakri and two of his sons in the southern town of Kfar Dajjal on Tuesday was more than that. According to Israeli claims, Bakri is a money changer who heads the "Al-Sadiq" Currency Exchange, which the Israeli military alleges serves as financial infrastructure for storing and transferring funds to Hezbollah. More alarming is that Israel did not stop at naming Bakri. It publicly released the names of five additional currency exchange companies and their owners, accusing them of channeling money to Hezbollah. Israeli reports claim the existence of networks moving funds from Iran to Lebanon via Iraq, Turkey, or the United Arab Emirates. Through these routes, the Quds Force of Iran's Islamic Revolutionary Guard Corps allegedly transfers millions of dollars to the six listed exchange firms. Alongside these accusations and the strike on Bakri and his sons, the Israeli military also claimed to have killed Behnam Shahriyari in Iran — a Quds Force commander said to be responsible for transferring money to Hezbollah. The publication of the names of the money changers and their companies operating in Lebanon has sparked fear among those listed, who now worry they may be targeted next. Sources familiar with the matter note that the U.S. administration typically imposes sanctions on individuals and companies through formal procedures and communication with Lebanese authorities. But in this case, the naming and accusing of companies and individuals is being carried out unilaterally by Israel, with no oversight. Some of the accused money changers, the sources said, have been advised to contact Lebanon's central bank and the Banking Control Commission to request an investigation to verify their legal and financial standing, as well as to communicate with security agencies to demonstrate their compliance and to seek protection through the channels and contacts they rely on. Israel's strikes on what it describes as Hezbollah's financial networks are not new, even if they now come in more public and escalatory forms. In April of last year, money changer Mohammad Srour was assassinated after being lured to Beit Meri. Investigations pointed to Mossad involvement amid reports he had been transferring funds from Iran to Palestinian factions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store