Fuel prices in Syria surged by over 200% in 2023 ...Syria

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Fuel prices in Syria surged by over 200% in 2023
Fuel prices in Syria have reached record levels this year, including both subsidized and unsubsidized fuel, amid government austerity measures in the sale of these products and the significant decrease in the purchasing power of the population. The terms “subsidized” and “unsubsidized” have emerged in relation to petroleum products after linking their sale to a “smart card,” whereby each person receives specific quantities within different time frames, depending on the availability of these products. This has led to the emergence of a “black market” selling the same products at higher prices due to high demand and limited quantities of “subsidized” products. Officials in the Syrian regime go

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