Skip to main content

Price changes for cooking gas puts heat on Gaza distributors

The Ministry of Finance in the Gaza Strip unilaterally decided to float the price of cooking gas, setting a new economic precedent.
RTS1WA8X.jpg
Read in 

GAZA CITY, Gaza Strip — The Ministry of Finance in the Gaza Strip has decided to float the price of cooking gas cylinders — a move that pleases consumers but angers the owners of gas stations, who will have to make up the price difference.

The ministry announced that, as of Nov. 25, the price of the 12-kilogram cylinders — which had sold at a fixed cost of 64 shekels (around $17) — would be determined based on supply and demand, not to exceed 64 shekels. No further details were given.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.