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Lebanon: Central Bank lifts all expensive fuel subsidies

FILE - Drivers wait to get fuel at a gas station in the southern Beirut suburb of Dahiyeh, Lebanon, March 15, 2022. Lebanon's central bank lifted its remaining subsidies on fuel on Monday, Sept 12, 2022, gas station owners said, ending a year-long process of scaling back on the expensive program. Fuel subsidies once cost the cash-strapped country some $3 billion annually. Lebanon is in the throes of a crippling economic crisis that has plunged three-quarters of its population into poverty and decimated the value of the Lebanese pound against the dollar by around 90 percent. (AP Photo/Bilal Hussein, File) An employee fuels a car at a gas station in Beirut, Lebanon, Monday, Sept. 12, 2022. Lebanon's central bank lifted its remaining subsidies on fuel on Monday, Sept 12, 2022, gas station owners said, ending a year-long process of scaling back on the expensive program. Fuel subsidies once cost the cash-strapped country some $3 billion annually. Lebanon is in the throes of a crippling economic crisis that has plunged three-quarters of its population into poverty and decimated the value of the Lebanese pound against the dollar by around 90 percent. (AP Photo/Hussein Malla) An employee fuels a car at a gas station in Beirut, Lebanon, Monday, Sept. 12, 2022. Lebanon's central bank lifted its remaining subsidies on fuel on Monday, Sept 12, 2022, gas station owners said, ending a year-long process of scaling back on the expensive program. Fuel subsidies once cost the cash-strapped country some $3 billion annually. Lebanon is in the throes of a crippling economic crisis that has plunged three-quarters of its population into poverty and decimated the value of the Lebanese pound against the dollar by around 90 percent. (AP Photo/Hussein Malla)
Lebanon: Central Bank lifts all expensive fuel subsidies