Syrian price spikes: Aleppo gas increases by 140%
Strikes by the US-led coalition on the Islamic State have targeted oil wells and refineries, causing prices of basic commodities in Syria to skyrocket.
ALEPPO, Syria — Syrians are following with great concern the US airstrikes targeting the Islamic State (IS) and other factions on the US terror list. These strikes have directly impacted people’s lives, as economic and vital facilities in the country have been hit, such as oil wells and refineries, adversely affecting economic conditions.
Since the beginning of the coalition’s airstrikes on Sept. 23, oil prices have skyrocketed in Syria. In some areas, oil prices have doubled from before the strikes.
Nizar, a fuel dealer, told Al-Monitor, “Oil production has significantly decreased due to the targeting of wells and refineries by the alliance, not to mention that the workers, who fear for their lives, stopped working to extract, filter and transfer oil.”
Nizar had recently returned from a trip to IS-controlled areas, where many oil wells are located. He said, “Diesel prices have significantly increased as a result of high demand and the inability to meet the needs of the market.”
