Beirut: Oil prices declined on Tuesday, with the price of 95- and 98-octane gasoline falling by LBP 24,000, diesel by LBP 17,000, and the gas cylinder by LBP 15,000.

According to National News Agency - Lebanon, the updated prices are as follows: 95-octane gasoline is now priced at LBP 1,384,000, 98-octane gasoline at LBP 1,424,000, diesel at LBP 1,280,000, and the gas cylinder at LBP 1,184,000.

These price adjustments reflect changes in the international oil market and its impact on the local economy. The reduction in fuel prices is likely to have a significant effect on transportation costs and household expenses in Lebanon.

The adjustment comes at a time when the country is experiencing various economic challenges. The decline in oil prices may provide some relief to consumers and businesses affected by the economic situation.