Protests in Lebanon due to fuel crisis and serious power shortages

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Protesters obstructed roadways throughout Lebanon on Monday over a deepening financial decline that has actually caused a fuel crisis and serious power scarcities.

The protest came ahead of hikes in the price of fuel that the energy ministry stated it would effective on Tuesday early morning.

They also came as power cuts arising from fuel shortages triggered disruptions at a primary Beirut medical facility and at a security force head office in the capital, regional media reports said.

AFP reporters stated that protesters obstructed significant roadways and burned tires and trash bins in Beirut, while the main National News Agency said highways north and southeast of the capital were also blocked.

Protesters in the south Lebanon city of Nabatiyeh parked cars throughout a primary artery to stop traffic, the NNA stated.

The demonstrations occurred after weekend scuffles in between security forces and protesters that left almost 20 individuals injured in the northern city of Tripoli following a plunge in the worth of the Lebanese pound.

Formally pegged to the dollar at 1,507 since 1997, the regional currency now costs a record low of more than 17,000 to the greenback on the black market.

On Monday, the reserve bank stated it would supply fuel importers with dollars at a rate of 3,900 pounds to the greenback instead of the main rate, in compliance with a federal government choice provided recently.

The move efficiently decreases aids on fuel as the reserve bank attempts to support fast-diminishing foreign currency reserves.

The energy ministry stated it would provide modified fuel costs on Tuesday based upon the brand-new currency exchange rate.

It stated fuel tankers docked in Lebanese waters had actually begun unloading fuel deliveries that would enhance supply in the coming days.

Lebanese have actually gathered to the gas pumps ahead of the price hikes, causing massive congestion and major queues.

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