Fuel Prices Syria
Part of: GIZ International Fuel Price database
Also see: Syria Energy Situation
Fuel Pricing Policies
| Local Currency: | SYP |
| Exchange Rate: | 45.779
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| Last Update: |
Syria adopts a system of ad hoc price changes. Prices can be changed by a prime ministerial decree upon the recommendation of the Finance Minister and the Minister of Transport.
In September 2010 the government abolished all annual fees and taxes on smaller private vehicles in exchange for increasing the price of gasoline.
Under the Syrian government’s definition of subsidies, gasoline is not subsidized.
"Government controls, subsidizes, and infrequently adjusts fuel. The diesel price was raised in Apr 2008 from S£7 (US$0.15) to S£25 (US$0.52), and then cut to S£20 (US$0.43) in Apr 2009 and further to S£15 (US$0.32) in May 2011 before being raised to S£20 (US0.32) in May 2012. Every household received a coupon to buy 1,000 liters of diesel at S£9 (US$0.19) when government nearly tripled the diesel price in Apr 2008. Government raised the gasoline price in Sep 2010 and Dec 2011. In Nov 2010, government said it would allow imports of 95 RON gasoline, to be sold at S£50 (US$1.08) a liter. Most gasoline is 90 RON, the price of which was raised to S£44 (US$0.93) in Sep 2010. Mahrukat, Syria’s sole buyer and distributor, reported losses totaling S£372 billion (US$7.9 billion) in 2008, falling dramatically to S£14 billion (US$0.3 billion) in 2009 due to lower world prices and higher domestic prices. Subsidy in 2010 was reported to have topped US$2.9 billion. In May 2012, when the diesel price was raised to S£20 a liter, government said the subsidies exceeded S£250 billion (US$4 billion). In 2010, government had put forward 2015 as the year in which to move to market pricing." (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
March 2013: Price increase to 65 Syrian Pounds announced for petrol (Source: http://www.globalpost.com/dispatch/news/afp/130305/syria-petrol-price-jumps-18-state-media)
Fuel Prices and Trends
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
No information available.
At a Glance
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No accessible public information available on the price composition and pricing mechanism.
Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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