Country News

The relationship between the butterfly effect and fuel prices

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Yesterday, as usual, the Ministry of Domestic Trade and Consumer Protection raised fuel prices, and according to the decision, the maximum increase did not exceed 1,000 pounds for what concerns the citizen "gasoline/fuel oil." 

 

 

The Consumer Protection Agency set the selling price of fuel oil at 11,675 Syrian pounds, while it set the price of 90 octane gasoline at 10,000 Syrian pounds and 95 octane at 12,680 Syrian pounds. 

This means that the owners of cars that "have not had the subsidy lifted" now pay 250,000 pounds every 10 days for 25 liters, if they fill up with 90 octane gasoline. And if their circumstances are "difficult" and they are able to fill up with 95 octane gasoline, the cost is 317,000 pounds.  

The idea is that the citizen has become afraid of the impact of fuel on food prices, even if their price rises by one pound, and the latter, in the words of Julia Boutros, "neither in your dreams nor your illusions."

A price increase that does not reach 1,000 pounds may increase the prices of consumer goods and goods that rely on transportation and shipping, in addition to factories that operate using alternative methods ("generators") by more than the raise in price. This is what is called the butterfly effect.

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