Tax

Fuel Prices Drop in Lebanon After Tax Removal Ruling

Fuel prices in Lebanon dropped significantly on Friday following the removal of a previously imposed tax. The measure, recently announced by the authorities, comes amid a challenging economic climate marked by persistent currency fluctuations and mounting pressure on consumers’ purchasing power. The decision had an immediate effect, causing a ...

Energy Minister Proposes Suspending Tariff Hike on Petroleum Products

Energy and Water Minister Joe Saddi announced that he has proposed cancelling or suspending the recent increase in customs duties on petroleum products, which was approved by the Cabinet during its session on May 29. “While I fully support the principle of providing financial assistance to all military personnel, both active and retired,” ...