Did Syria Really Cut Fuel Prices by 30% to Alleviate Public Hardship?
Synopsis
Key Takeaways
Damascus, Nov 12 (NationPress) - Syria's energy officials declared a significant 30% reduction in domestic fuel prices on Tuesday, aimed at alleviating the financial burden on citizens as winter approaches. This move is part of a broader reform initiative within the energy sector.
According to Ahmad Suleiman, the communication director at the energy authorities, this price reduction was made possible due to increased domestic oil production and a drop in global crude prices, as reported by the state TV channel Al-Ikhbariya.
With the new pricing structure, the cost of diesel is now 0.75 US dollars per litre, gasoline is 0.85 dollars per litre, and a household gas cylinder is priced at 10.5 dollars per unit, as outlined in an official statement from the authorities, according to Xinhua news agency.
This decision seems to be a response to public concerns following recent hikes in electricity prices.
Earlier this month, the energy authorities implemented a four-tier pricing model for electricity, which increased rates for some households by as much as 60 times.
The electricity reforms are designed to minimize state losses and enhance supply reliability, particularly amid high gas consumption for power generation, which necessitates close to 10 million cubic meters of gas daily.
In addition, Syria is undertaking numerous development projects nationwide.
Earlier this month, the energy authorities revealed plans for the construction of four new gas power plants with a combined capacity of 4,000 megawatts, along with various solar energy initiatives, following a final agreement with a consortium of international firms, as reported by state news agency SANA.
This agreement marks one of Syria's most significant strategic energy projects since 2011 and is part of a comprehensive plan to rehabilitate the national electricity grid, boost operational efficiency, and ensure a stable and sustainable power supply.
Syrian energy affairs chief Mohammad al-Bashir described the initiative as a “major milestone” in restoring Syria's energy infrastructure and a crucial step toward achieving long-term energy self-sufficiency.
According to SANA, the project involves establishing a 1,200-megawatt combined-cycle gas turbine power plant in Aleppo, a 1,000-megawatt facility in Deir Ezzor, another 1,000-megawatt plant in Zayzoun, and an 800-megawatt facility in Mhardeh, located in rural Hama province. Additionally, several solar energy projects with a collective capacity of 1,000 megawatts will be developed across four different sites.
Due to ongoing conflicts and sanctions, Syria is grappling with severe electricity and energy shortages.