The government has announced a sharp increase in the price of fertilizers, a decision that is likely to hit Syria’s agricultural output.
Syrian manufacturers that are able to pay in foreign currency will be given priority when buying oil products, a rare instance of the government encouraging the use of the dollar in the domestic market.
As new deliveries of oil products have reduced supply bottlenecks across Syria, a government committee met last week to assess the situation of the local energy market.
Oil supplies are resuming across Syria after weeks of severe shortages, although the economic and political consequences will likely be felt for a long time.
The suspension of Iranian supplies of oil products is forcing the Syrian government to import large volumes from other countries and to open import trade to the private sector as severe shortages impact most of the country.
A new government report has cast doubts on the actual level of oil production in Syria.
The Aleppo siege has led to a surge in prices, reports from the city indicate.
The volume of wheat bought by the Syrian Government from its farmers this year is likely to be even smaller than last year’s record low level, meaning large amounts will need to be purchased from private sector traders or imported.
These three tables provide the official prices of heating oil (mazout), gasoline and cooking gas in Syrian pound and dollar since the beginning of the uprising.
The Syrian Government’s decision to impose a sharp rise in the price of oil products has been met by wide complaints in regime-held areas, which seem to reflect the exhaustion of the population.
Syria’s production of oil and gas continued its decline in the first quarter of this year, according to the Ministry of Petroleum and Mineral Resources.
The table below lists all the Syrian companies contracted by UN agencies in 2012. The data include the name of the companies, the subject of the contracts and their value.
The table below lists all the Syrian companies contracted by UN agencies in 2011. The data include the name of the companies, the subject of the contracts and their value.
Only weeks after the enactment of the 2016 budget, the Government has already ordered a sharp decline in planned expenses.
Iran’s delivery of crude oil to Syria has helped stabilise the supply of oil products to the market, whiles strikes by the U.S.-led coalition have increased the losses of the country’s oil industry, the Minister of Petroleum has said.
Every week, decisions issued by the Government are confirming the financial strains the Syrian authorities are facing.
Only weeks after it increased the salaries of civil servants, the Government is raising the price of various products and doubling income tax rates on salaries.
The Syrian government has increased the cost of tap water and is reportedly planning to reduce subsidies on bread.
A decree issued by the Syrian President on Eid Al-Adha has increased the monthly salary of all civil servants and armed forces members by 2,500 Syrian pounds.
A fortnight after increasing the price of gasoline and kerosene, the Syrian Government has hiked the price of heating oil.
The Syrian Government has increased for the second time in two months the price of gasoline and kerosene.
Syria’s production of oil, gas and phosphate remained mostly stable in the second quarter of this year, according to official data, in spite of the loss of various fields and mines to ISIS last Spring.
The prices of gasoline and fuel oil have been increased again in Syria on the back of rising global prices and a falling currency.
The Syrian Government has increased the price of bread, heating oil, fuel oil and cooking gas to levels that effectively largely reduce its subsidies bill but also dent further the purchasing power of the population, in spite of a partial compensation for wage earners.
The US Treasury has put under sanctions 11 new individuals and companies located in four different countries for supporting the Syrian Government purchase oil products.
Except for use by local transport companies and bakeries, as well as for heating purposes, all oil products are now sold at market price in Syria.
While the results of the visit last week to Tehran of Syrian Prime Minister Wael Halqi are not yet clear, the growing dependency of Damascus on its ally is increasingly obvious.
The Syrian government has liberalised the price of gas oil for one additional category of users, creating more confusion in the market.
In an unprecedented move, the Syrian Government has offered to use its two refineries to process crude oil for private investors, as it seeks to meet rising shortages of oil products.
Syria’s Kurdish regions are producing an average of 40,000 barrels of crude oil per day, according to a report in the Wall Street Journal.
Data from the Ministry of Petroleum seem to indicate that Syria’s imports of oil products stood at around 124,600 barrels per day during the first nine months of the year.
The Government has allowed manufacturers to import used power generators to make up for the rising electricity shortages.
The Syrian government has raised to world market levels the price of gas oil and fuel oil sold to manufacturers, effectively ending all subsidies on this segment of the market.
The Government has allowed the private sector to import gas oil and fuel oil for the benefit of manufacturing companies as it seeks to alleviate shortages in the market.
The Syrian Government has increased by 33 percent the price of heating oil, a few weeks only before the beginning of winter.
The launch of air strikes by U.S forces has led to the destruction of Syrian oil and food storage assets.
Syria has raised by up to 100 percent the price of bread, sugar and rice, three staple foods for the Syrian population.
Syria’s monthly inflation rate continued to stabilise at the end of last year, although annual price increases remained significant.
The Syrian Government has increased the price of gasoline by 20 percent as demand for oil products declined in the first quarter of this year.
Inflation data for the month of June 2013, which were released only now by the Syrian government, confirm the surge in retail prices across all product segments.
According to the Ministry of Petroleum, Syria’s production of crude oil in 2013 declined 80 percent compared to 2012.
Syria is importing an overwhelming share of the oil it consumes, the Prime Minister said.
The Syrian government has announced a sharp increase in the subsidized price of sugar and rice as it seeks to reduce its subsidy bill.
Syria's import of crude oil and other oil products continues to run in the hundreds of millions every month, according to the minister of oil.