Abu Chakra: No Fuel Crisis as Supplies Continue Despite Global Price Surge

Fuel distributors in Lebanon held a meeting to discuss the current state of fuel distribution amid the difficult conditions the country is facing.

Following the meeting, the representative of the distributors, Fadi Abu Chakra, stated that discussions focused on the sharp rise in fuel costs, noting that prices have become very high. This has increased the capital required by distributors while simultaneously placing additional financial burdens on citizens.

He explained that these increases are not local, but rather a direct result of what he described as “war-driven prices,” as global pressures on oil prices are directly reflected in fuel costs worldwide, particularly in Lebanon.

Abu Chakra stressed that local authorities do not have the ability to control these increases, as they stem from international factors beyond their control, expressing hope that citizens will understand the nature of this crisis.

He also expressed hope that international agreements will be reached soon to reduce fuel prices, given their positive impact on the economy, emphasizing that the continuation of the current situation does not serve any country and leads to serious global economic repercussions, especially in Lebanon.

He added that reducing gasoline prices to around $15 per tank would help stimulate economic activity, noting that the current high prices have led to a noticeable decline in distribution volumes. He pointed out that fuel distribution in Lebanon has dropped by 30–40%, with even sharper declines in some areas. In the south, distribution has fallen to between 5–10%, while the Bekaa region has also witnessed a decline compared to previous periods.

Abu Chakra reassured citizens that a shipment of fuel has arrived at the Lebanese coast and is awaiting unloading, confirming that supplies are ongoing and that fuel is available in the market, with no need for hoarding. He reiterated that current prices remain tied to global conditions and urged people not to rush to fuel stations, stressing that there is no fear of shortages. He also noted that a tanker carrying gasoline has already arrived in Lebanon and is awaiting unloading, with additional shipments expected to arrive successively.