New Pump Prices Take Effect
Fuel stations across Syria began charging a new price list on Thursday, 16 July 2026. A liter of octane-90 gasoline rose to 14,000 Syrian pounds (SYP), octane-95 gasoline was set at 14,500 pounds, and a liter of diesel, known locally as mazot, climbed to 12,000 pounds.
The figures were quoted in the older Syrian pound notes that remain in wide circulation. Prices for household and industrial gas cylinders were left unchanged on the same list.
Increases Near 12 Percent
Octane-90 gasoline had previously sold for 12,500 pounds a liter, making the new price a rise of 1,500 pounds, or about 12 percent. Diesel moved up from 10,700 pounds, an increase of roughly the same proportion.
Diesel carries particular weight in the Syrian economy because it powers freight trucks, agricultural machinery, private electricity generators and a large share of the country's heating.
No Formal Announcement
A source at the Ministry of Energy confirmed the revised gasoline and diesel prices. As of the time the change took effect, neither the ministry nor the Syrian Petroleum Company had issued a formal public statement setting out the new rates.
Stations nonetheless began applying the higher prices at the pump the same day, ahead of any published bulletin.
Knock-on Costs
Because fuel sits at the base of the cost structure, higher pump prices tend to filter into transport fares, the operating costs of farms and factories, and electricity produced by private generators.
Those pressures typically reach households through the price of food and other everyday goods within days of a fuel adjustment.
Pressure on the Pound
The adjustment lands as the Syrian pound (SYP) trades near 13,200 to the US dollar (USD) in mid-July 2026, after losing close to 9 percent of its value against the dollar over the preceding month.
A weaker currency raises the local cost of imported goods, including fuel and refined products, adding to the strain on domestic energy pricing.