Syrian Cabinet approved during its session on Tuesday to increase the selling prices of fuel by 3000 Syrian pounds per ton. The new prices be applied on both public and private sectors as 1st of next December.
Noor Kuwaiti financial investment company has got approval of Syrian government for establishing of / 25 / gas station in Damascus and other Syrian governorates according to international standards.
Eng Abdullah Khattab general manager of the Syrian company storage and distribution of petroleum products /Mahroukat / said that the total quantity of gasoline and diesel and kerosene sold by the company during the first half of 2008 was by / 4,787 / million tons and / 3,802 / million tons of oils and fats, mineral fuel and asphalt And coke, bringing total sales to / 8,589 / million tons.
The Commission services in the cabinet approved allowing the establishment of fuel stations for individuals and continued dialogue with the companies made the establishment of a number of stations in the Syrian cities and therefore had stopped granting such licenses since 2004.
A presidential decree identified penalties of smuggling or trying of smuggle of diesel oil and oil derivatives and other subsidized materials in six to 12 years imprisonment a fine of not less than five times the value and not more than ten-fold.
According to information issued by the company said that the fuel consumption of diesel in Syria is at its lowest level for many years and numbers have decreased consumption by 25% over last year for the same information says that currently the mass transport accounts for 90% of the country’s consumption of FUEL OIL…
Abdullah Khattab general manager of Mahrokat Venture said that more than 400 factories started to run by fuel instead of fuel oil because of price differences expected double local demand of fuel from 300 thousand tons last year to 600 thousand tons this year
