The Syrian Petroleum Company announced on Thursday the increase in prices of petroleum derivatives, including fuel and gas, in a move that follows months of price reductions implemented in November 2025. This decision raises questions about its impact on the daily lives of citizens in Syria, especially amid the difficult economic conditions the country is experiencing.
Fuel prices are considered one of the fundamental factors affecting the Syrian economy, as many sectors rely on these derivatives to operate. With rising prices, transportation and basic goods costs are expected to be affected, potentially increasing the financial burdens on citizens.
Details of the Price Increase
In detail, the prices of gasoline, diesel, and domestic gas have been raised, with the new price for a liter of gasoline set at 3,000 Syrian pounds, while the price for a liter of diesel has risen to 2,800 Syrian pounds. Additionally, the price of a domestic gas cylinder has been set at 15,000 Syrian pounds. This increase comes at a time when the government had previously reduced prices in November, raising hopes among citizens for price stability.
It is noteworthy that this price hike occurs amid a suffocating economic crisis faced by the Syrian people, as the Syrian pound continues to decline against foreign currencies, increasing pressure on low-income families.
Background & Context
Since the onset of the conflict in Syria in 2011, the country has experienced significant fluctuations in petroleum derivative prices, which have been directly affected by the war and imposed economic sanctions. In recent years, the Syrian government has attempted to take measures to mitigate the impact of these fluctuations on citizens, but economic challenges remain persistent.
Historically, fuel prices in Syria were subsidized by the government, contributing to price stability for extended periods. However, with the deteriorating economic situation, it has become difficult for the government to continue subsidizing prices, leading to tough decisions such as raising prices.
Impact & Consequences
The increase in fuel prices is expected to lead to higher transportation costs, which will affect food prices and basic goods. This situation may exacerbate the suffering of citizens, especially amid declining purchasing power. Additionally, this increase could lead to popular protests, as citizens express their dissatisfaction with the deteriorating economic conditions.
At the same time, this move may impact both foreign and local investments, as companies may hesitate to invest in an unstable economic environment. Consequently, this decision carries negative implications for economic growth in the country.
Regional Significance
Syria is one of the countries facing increasing economic crises, making it susceptible to regional influences. The rise in fuel prices in Syria may affect neighboring countries, potentially leading to increased prices of goods in regional markets.
Moreover, the economic situation in Syria could influence refugee movements, as more individuals may seek to migrate to other countries in search of better opportunities. This phenomenon could place additional pressures on neighboring countries, which are also grappling with their own economic challenges.
In conclusion, the question remains about how the Syrian government will address these challenges and whether it will take further steps to support citizens amid these difficult circumstances.