Lebanon poised for May 3rd strike over gas prices
The government is collecting LL4,500 from every 20 liters of gasoline sold, down from LL12,500 two years ago
The General Labor Confederation (GLC) is setting the stage for the general strike set for May 3 to press the government to subsidize the price of gasoline and improve the social and medical benefits for the working class in Lebanon.
The GLC rejected all calls by Prime Minister Najib Mikati and senior officials to postpone the strike until further notice to give the authorities ample time to find a reasonable solution the high fuel prices.
Last week, the price of 20 liters of gasoline reached an all-time high of LL40,000, triggering wide protests among public drivers. Trade unions want the government to put a cap on the 20 liters of gasoline. But the government is not keen to accept this demand because it would cause the budget deficit to rise sharply.
The government is collecting LL4,500 from every 20 liters of gasoline sold, down from LL12,500 two years ago.
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