Fuel oil price cut to support national industry, improve production- economy minister

Fuel oil price cut to support national industry, improve production- economy minister

Damascus, July 30 (SANA) Minister of Economy and Industry, Nidal al-Shaar, said on Thursday that the government’s decision to reduce the price of industrial fuel oil reflects its commitment to supporting manufacturers and creating a more favorable environment for production and investment. In a statement, al-Shaar said the decision lowers the price of fuel oil allocated to the productive sector from $475 to $400 per ton, easing operating costs f…