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Syria-Lebanon-Iran
Fuel prices soar as Turkish lira depreciates in Syria's Idlib
2021-11-18
[NPASYRIA] On Wednesday, Idlib-based Watad Petroleum company run by Hayat Tahrir al-Sham, formerly al-Nusra, before that it was called something else
...al-Qaeda's Syrian affiliate, from which sprang the Islamic State...
(HTS-formerly al-Nusra
...formally Jabhat an-Nusrah li-Ahli al-Sham (Support Front for the People of the Levant), also known as al-Qaeda in the Levant. They aim to establish a pan-Arab caliphate. Not the same one as the Islamic State, though .. ...
Front) increased prices of fuel derivatives in Idlib city for the second time within a week as Ottoman Turkish lira (TRY) dropped against the USD in a new record low.

According to Lira website, Ottoman Turkish lira dropped to 10,50 against the USD, while one TRY equals 345 Syrian Pounds.

One liter of top-tier imported gasoline has come up to 9.14 TRY (3,150 SYP) and one liter of top-tier imported diesel costs 8.50 TRY (2,900 SYP).

One liter of second quality imported diesel has come up to 6,48 TRY (2,250 SYP) and one liter of first filtered diesel has come up to 5,15 TRY (1,800 SYP).

The prices of one gas cylinder hiked to 127,5 TRY (43,000 SYP).

Watad Petroleum company, set up two years ago by the Salvation Government (the civil wing of HTS), monopolizes the fuels imported to Idlib city which is completely controlled by HTS.

In mid-November, Watad Petroleum increased the prices of oil derivatives in northwest Syria shortly after it had already surged their prices, a move that caused a widespread public contempt and rage in northwest Syria.

Watad Petroleum claimed that hikes in fuel prices and gas cylinder is because the Ottoman Turkish lira tumbled against the USD.
Posted by:Fred

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