Syrian Minister of Energy Mohammad Al-Bashir approved on Saturday the recommendations of the Permanent Committee for Pricing Petroleum Products and Mineral Resources, issued during its extraordinary meeting. According to the state news agency SANA, the recommendations include a price reduction ranging between over 14% and 20%, following a review of the technical and economic data related to the current petroleum products market.
اضافة اعلان
The Syrian Ministry of Energy stated via its Telegram channel that the newly approved price list, which took effect immediately upon issuance, detailed the adjustments. (Note: The specific breakdown was omitted in the original text).
The ministry explained that this decision comes as part of a periodic price review based on the committee's recommendations. It aligns with current economic variables, promotes market stability, and ensures the sustainable availability of petroleum products to serve the interests of citizens and the national economy.
On June 23, Al-Bashir issued Decree No. 844 of 2026, establishing the Permanent Committee for Pricing Petroleum Products and Mineral Resources. This move aims to enhance governance and transparency in pricing mechanisms and keep pace with local and global economic fluctuations relevant to the energy and mineral resources sector.
During its inaugural meeting, chaired by the Deputy Minister of Energy for Oil Affairs and attended by representatives of government bodies and relevant institutions outlined in the ministry's decree, the committee had recommended mandating the Syrian pound for all sales operations.
Al Arabiya
