New Fuel Bulletin Takes Effect
On 7 May 2026, the state distributor brought new petroleum prices into force in the local market, lifting the cost of nearly every grade of gasoline, diesel, and household gas across Syria. The bulletin sets prices in US dollars (USD) at a fuel-specific reference rate of 133 Syrian pounds (SYP) to the dollar, with the local-currency value computed off that rate.
Diesel and Gasoline Up Sharply
Diesel jumped from $0.75 to $0.88 a liter, an increase of 17.3 percent. Gasoline 90 climbed from $0.85 to $1.10, while gasoline 95 rose from $0.91 to $1.15 — gains of 29.4 percent and 26.4 percent respectively.
Cooking gas was not spared. The household cylinder moved from $10.50 to $12.50, and the industrial cylinder rose from $16.80 to $20. Both stand 19 percent higher than under the previous bulletin.
Why the State Says It Acted
The state petroleum company tied the move to continued global increases in oil prices and rising supply and shipping costs, alongside what it described as the regional consequences of the situation around the Strait of Hormuz. Officials framed the bulletin as part of managing service sustainability and supply continuity, rather than a domestic policy choice.
Economists See 60% Market Knock-On
Economist Ammar Youssef warned that headline fuel increases of 17 to 30 percent will translate into market-level price rises of 50 to 60 percent for Syrian consumers, citing the dependency of transport, food, and imported goods on diesel and gasoline.
He said the decision lands on households whose purchasing power is already strained, with knock-on effects expected to surface within weeks across staples and freight rates.
Why Fuel Moves the Market
Fuel sits underneath most of what moves through Syria's domestic economy. Diesel and gasoline drive passenger and freight transport, power bakeries and small factories, run irrigation pumps, and feed the private generators that fill in where the public grid is short. Any change in the petroleum bulletin therefore reaches supply chains quickly.
The economic read on the latest decree is that headline fuel numbers travel through transport and food bills before they settle on retailer shelves, surfacing for consumers within a few weeks of the bulletin taking effect.