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Syria fuel price protests erupt

Financial Times Companies •
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Protests have broken out across Syria after the government raised diesel prices by about 40% and petrol by nearly 30% on Sunday, citing an “exceptional increase in the global cost of procurement” as oil surged above $108 a barrel. Demonstrations were reported in Raqqa, Hassakeh, and the countryside near Idlib and Aleppo, with videos showing burning tyres and blocked roads. Taxi drivers in Homs immediately raised fares, adding to public anger.

President Ahmed al-Sharaa, who took power in late 2024, faces the most acute economic unrest since his ascent. The energy ministry said maintenance at the Baniyas refinery and the need to import two‑thirds of energy supplies worsened the crisis. The newly formed Syrian People’s Assembly will hold a listening session with energy minister Mohammad al‑Bashir on Thursday to address the price rise.