Syria raises petrol prices 24 percent

January 26, 2006 17:12


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Syria raised the price of gasoline 24 percent on Thursday, largely to counter smuggling to neighboring states, the official Syrian Arab News Agency reported. SANA said the price of a liter rose from 24.35 Syrian pounds (48 US cents) to 30 pounds (60 US cents). The agency reported the increase took account of the high price of oil on the world market and was also intended to reduce the smuggling of Syrian petrol to neighboring states. However, at 60 US cents a liter, Syrian gasoline is still relatively cheap. In Lebanon a liter costs 70 cents and in Turkey US$1.72. In Jordan a liters sells for 61 cents, almost the same as in Syria.

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