Gas station queues & barricades: Lebanon faces worsening economic outlook as govt hikes fuel prices by 35% (PHOTOS)

A sharp increase

A sharp increase in fuel prices is expected to exacerbate Lebanon’s internal woes, with the country already reeling from months of economic and political instability.

Lebanon’s Energy Ministry announced on Tuesday that it would raise gasoline prices by 35%, a decision that will likely cause a sharp increase in the cost of most commodities. The price of diesel saw an even larger increase of 38%. 

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