Official Price Adjustment
The Permanent Committee for Determining Prices of Petroleum Materials and Mineral Wealth in Syria announced a reduction in the cost of diesel fuel. The new price stands at 150 lira per liter, representing a decrease of 14 percent from the previous rate of 175 lira. This adjustment takes effect starting Sunday.
New Fuel Tariffs
In its latest bulletin, the committee established updated prices for various petroleum derivatives. The published rates are as follows: 95-octane gasoline is priced at 195 lira per liter, while 90-octane gasoline costs 185 lira. In addition to the revised diesel price, household gas is set at 1600 lira, and industrial gas is valued at 2560 lira. According to the official Sana News Agency, these figures mark the first changes since the last update.
Recent Market Volatility
This downward adjustment comes shortly after a significant price hike implemented last September. During that period, the same committee increased prices for petroleum derivatives by percentages ranging between approximately 9 and 40 percent. At that time, the Syrian Ministry of Energy attributed the surge to an “exceptional” rise in global costs for securing petroleum products. Officials described the earlier modification as temporary, stating it was necessary to guarantee the continuity of supplies and ensure material availability in the local market.
Public Reaction and Supply Context
The previous increase triggered protests in several Syrian cities. Demonstrators responded by closing roads and burning tires to express their opposition to the rising fuel costs. The Ministry of Energy highlighted the structural challenges facing the sector, noting that Syria requires approximately 300 thousand barrels of oil and its derivatives daily. However, domestic crude production reaches only about 100 thousand barrels, necessitating imports to cover the deficit.
Specific data provided by the ministry indicates that the daily market demand for diesel amounts to 7.72 million liters. Domestic production covers 3.09 million liters, leaving 4.63 million liters to be imported. Consequently, roughly 60 percent of diesel supplies rely on foreign sources. For gasoline, the average daily supply totals 2.32 million liters, with domestic output accounting for 1.54 million liters and imports providing the remaining 775 thousand liters.
