Head of Public Transportation Unions Says Miqati Seeking to Cap Fuel Prices

Posted on: May 19, 2012 at 00:11
Head of the public transportation drivers unions Abdel-Amir Najdeh revealed on Saturday that Prime Minister Najib Miqati is seeking to cap the fuel prices to all citizens.

“Miqati informed Public Works and Transport Minister Ghazi al-Aridi that the cabinet will tackle the issue during its session on May 30,” Najdeh told Voice of Lebanon radio (93.3).

He pointed out that there’s no consensus so far on “the prices of gasoline and the negotiations are still being conducted.”

Najdeh said that the transportation sector will hold a meeting next week to discuss the matter, noting that they might postpone the strike scheduled on May 24 because of the security situation in the country.

“The government might place a price ceiling at LL25,000 per 20 liters,” Najdeh told al-Joumhouria newspaper published on Saturday.

The prices of gasoline dropped by LL1,100 on Wednesday after reaching a record high last month with the price of the 98-octane graded fuel reached LL40,000.

The price of the 95-octaone graded fuel now stands at LL36,300, while the 98-octane graded fuel is now selling at LL37,000.
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