Syrian Central Bank Governor Muhammad Safwat Reslan evaluated the reduction in fuel prices. Reslan stated that this step is a positive development that will alleviate production costs, support market activity, and positively impact economic activity.
In a post on platform X, Reslan said that the stability of the Syrian pound is not solely dependent on monetary policy but begins with a productive economy, active investments, and mutual trust between the state, citizens, and the private sector.
Noting that any step contributing to increasing production will ultimately serve the stability of the pound, Reslan added that the Central Bank will continue to work in cooperation with all relevant parties to maintain monetary stability and strengthen confidence in the Syrian pound. He noted that the strength of the national currency is a natural result of the strength of the economy.
New price list from the ministry
Syrian Energy Minister Muhammad al-Bashir announced yesterday a reduction in fuel prices ranging from 14 to 20 percent. According to the SANA news agency, the reduction was approved after reviewing the technical and economic data of the fuel market.
In a post on platform X, the Energy Minister stated that the decision was based on the recommendations of the permanent specialized committee, which ensures measured steps that balance market stability, sustainable supply of fuel products, and the interests of citizens.
The Energy Ministry announced the new price list, effective from the date of publication, as follows:
- 95-octane gasoline: Price per liter reduced by 20.39 percent to 130 new Syrian pounds.
- 90-octane gasoline: Price per liter reduced by 19.97 percent to 125 new Syrian pounds.
- Diesel: Price per liter reduced by 14.37 percent to 107 new Syrian pounds.
- Household gas cylinder: Price reduced by 15.5 percent to 1,500 new Syrian pounds.
- Industrial gas cylinder: Price reduced by 15.49 percent to 2,400 new Syrian pounds.
The dollar exchange rate stands at 119 new Syrian pounds.
Ahmed al-Suleiman, Director of Government Communication at the Energy Ministry, said the pricing mechanism is now based on a periodic and flexible review, and prices will be adjusted upward or downward based on transparent data and criteria when objective justifications arise. Suleiman stated that this approach would serve the interests of citizens and the national economy by ensuring fairness and transparency.
