They discussed a number of proposals designed to prevent any damaging escalations that might affect security and social stability. Local media reported that plans were approved to import subsidized fuel at the higher exchange rate of 3,900 Lebanese pounds to the dollar, which is the rate at which customers are currently permitted to withdraw their savings, instead of the official exchange rate of 1,500 pounds.
Ebrahim, the Lebanese manager of a gas station in the Hamra area, said he believes fuel prices will continue to rise.
“This has got to end, otherwise security deterioration is inevitable,” he told Arab News. “A Bangladeshi and a Sudanese worker already left us. They couldn’t tolerate the economic situation, or being attacked by irritated clients.”