Summary
Caretaker Energy Minister Nada Boustani has extended by a week a state tender offer to import gasoline in order to allow more competition, after only two companies submitted bids.
A tender offer was launched on Nov. 15 for the import of 150,000 tons of gasoline, paid for by the state, in an attempt to avoid fuel shortages and ensure prices do not rise for Lebanese consumers, Boustani said.
Boustani said Monday she hoped the Central Bank would re-evaluate its plan to exchange only 85 percent of the dollar amount needed for fuel costs in the event the ministry started importing fuel directly.
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