{"id":65232,"date":"2022-01-07T00:00:00","date_gmt":"2022-01-07T00:00:00","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=455a785b127adb7453e8b562b94a6306"},"modified":"2022-01-07T00:00:00","modified_gmt":"2022-01-07T00:00:00","slug":"brax-ups-calls-to-secure-fuel-to-gas-stations-in-lbp-to-avoid-return-to-crisis","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/brax-ups-calls-to-secure-fuel-to-gas-stations-in-lbp-to-avoid-return-to-crisis\/","title":{"rendered":"BRAX UPS CALLS TO SECURE FUEL TO GAS STATIONS IN LBP TO AVOID RETURN TO CRISIS"},"content":{"rendered":"<p><P>Gas Station Owners\u2019 Syndicate member, Dr. George Brax, on Friday said that gas station owners were incurring a loss of LBP 2500 per 20 liters of gasoline due to the discrepancy in the US dollar exchange.<\/P><P><\/P><P>The US dollar\u2019s market rate is currently at LBP 30,000 pounds, whereas in the fuel prices grid, the US dollar price remains at LBP 28,800.<\/P><P><\/P><P>\u201cThe absence of a new pricing grid as per the new USD price will only increase these losses,\u201d Brax warned.<\/P><P><\/P><P>\u201cWhen the authorities urge gas stations to sell fuel at a specific price in LBP, it also has to secure fresh dollars for imports; the owners of gas stations are not money changers!\u201d Brax exclaimed.<\/P><P><\/P><P>\u201cTo avoid a return of the gasoline crisis, fuel should be secured to gas stations only in LBP, so as to be delivered to consumers in the same currency. The Lebanese Central Bank must secure US dollars for import,\u201d Brax added.<\/P><P><\/P><P>Source: National News Agency<\/P><P><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gas Station Owners\u2019 Syndicate member, Dr. George Brax, on Friday said that gas station owners were incurring a loss of LBP 2500 per 20 liters of gasoline due to the discrepancy in the US dollar exchange.The US dollar\u2019s market rate is currently at LBP 3&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1782,3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BRAX UPS CALLS TO SECURE FUEL TO GAS STATIONS IN LBP TO AVOID RETURN TO CRISIS - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/brax-ups-calls-to-secure-fuel-to-gas-stations-in-lbp-to-avoid-return-to-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BRAX UPS CALLS TO SECURE FUEL TO GAS STATIONS IN LBP TO AVOID RETURN TO CRISIS - 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