Running Low? Unleaded to the Rescue

Christiane Tager, 04/06 21:35 - Reading : 4 minute(s)

Lebanon Crisis Fuel prices Private sector

The Lebanese government seems to be taking its cue from an old maxim: “When in trouble, raise the taxes.” In a decision that hit like a bombshell, authorities announced a sharp hike in fuel prices – despite a global drop in oil costs. The official rationale? To fund social aid. The logic? Ease the burden on the poor by adding to the strain ...