HomeFinanceLebanese c.bank to provide $225 mln in financing for fuel

Lebanese c.bank to provide $225 mln in financing for fuel

A view shows cars stuck in a traffic jam near a gas station in Jiyeh, Lebanon, August 13, 2021. REUTERS/Aziz Taher

BEIRUT, Aug 21 (Reuters) – The Lebanese central bank will open a temporary account providing additional subsidies for fuel imports up to a maximum of $225 million until the end of September, senior Lebanese officials decided on Saturday, in a bid to ease the fuel crisis.

A statement issued after a meeting of officials including President Michel Aoun and central bank governor Riad Salameh said the ministry of energy would issue fuel prices.

Reporting by Maher Chmaytelli; Writing by Tom Perry; Editing by Giles Elgood

Our Standards: The Thomson Reuters Trust Principles.

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