Syria’s Permanent Committee for Pricing Petroleum Products and Mineral Resources has announced a reduction in fuel prices, coinciding with lower oil prices in global markets.
The new prices took effect on July 28, 2026, and were listed in the official bulletin as follows:
• 95-octane gasoline: SYP 147
• 90-octane gasoline: SYP 142
• Diesel: SYP 120
• Household gas: SYP 1,470
• Industrial gas: SYP 2,350
Lower fuel prices could reduce part of the cost of transportation and production, potentially allowing the prices of some goods and services to decline gradually. However, the actual impact will depend on whether transport operators, traders and producers pass the savings on to consumers, as well as on exchange-rate stability and fuel availability.
For the Syrian pound, lower energy costs may help ease some inflationary pressure. Nevertheless, this measure alone will not be enough to support the currency over the long term, as its value also depends on production, imports, demand for foreign currencies and confidence in the economy.
The key question for the coming days is whether Syrians will see the decision reflected in transportation fares and the prices of everyday goods.
Source: Syrian Arab News Agency – SANA
