Diesel Price Lowered
Syria reduced the price of first-grade mazout, the diesel used for heating and transport, to 150 Syrian pounds (SYP) per liter from 175, a cut of about 14 percent. The new rate took effect at midnight on 15 November 2026.
Who Set the Price
The reduction was issued by the Standing Committee for Determining the Prices of Petroleum Materials and Mineral Resources, which sets fuel rates through periodic bulletins. The committee is chaired by the deputy energy minister for oil affairs, Ghiath Diab.
It was established under Decision No. 844 of 2026, dated 23 June 2026, and includes representatives of the finance, economy and industry ministries alongside the Central Bank of Syria (CBS).
Other Fuels Unchanged
Gasoline and gas prices were left in place. Octane 95 gasoline remained at 195 SYP per liter and octane 90 at 185 SYP, while a household gas cylinder held at 1,600 SYP and an industrial cylinder at 2,560 SYP.
A separate subsidized grade of heating mazout, reserved for households, agriculture and eligible groups, stayed at 115 SYP per liter.
Winter Demand
The timing coincides with the start of winter, when demand for heating diesel rises sharply across the country. The move was framed as an effort to ease living costs, with the state covering part of the subsidy while petroleum products are imported and paid for in US dollars (USD).
Iqbal Mansour, who heads the energy committee in the People's Assembly, said the measure was intended to lighten the burden on households during the cold season.
Refinery Restart
An earlier price increase in September had followed higher global oil prices and a temporary halt at the Baniyas refinery for maintenance. The refinery is expected to resume operations in the coming days, allowing more local crude to be processed domestically, a step authorities link to steadier supply and prices.