November 15, 2019 / 4:14 PM / a month ago

RPT-Lebanon to hold state gasoline tender on trial basis - caretaker minister

(Repeats with no changes to the text)

BEIRUT, Nov 15 (Reuters) - Lebanon will hold a state tender for 95 octane gasoline next month that will cover about 10% of annual needs, its caretaker energy minister told Reuters on Friday, adding the results would determine whether the state becomes a long-term buyer.

Energy Minister Nada Boustani said the tender was announced after private importers, who mainly procure the country’s gasoline, sought to raise prices after being hit by rising dollar costs on a parallel market. (Reporting by Nadine Awadalla and Eric Knecht; Editing by Jan Harvey)

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