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Prices of oil and ghee increase by ten percent in two days in Daraa

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Editing: Obaida Al Nabwani |
TranslationEditor: Glory Jabr |
Translation: Muhammad Ghaith
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Publication date: 2020/05/17 17:14

Daraa - SMART

On Sunday, the prices of oil and ghee increased by ten percent in two days in the Syrian government forces-controlled city of Daraa, Southern Syria.

Local sources reported to SMART that the price of ghee container that weighs 16 kilos reached 29,000 Syrian pounds, after it was 26,000 SYP two days ago.

The sources added that the price of 16 litres of oil reached 28,000 SYP, after it was 26,500 two days ago.

Shops owners in Daraa reported to SMART that the reason for the high prices is increased demand of these materials in Ramadan, and the materials are expensive from the source due to the Syrian pound's constant decline against the US dollar.

Prices of materials significantly increased in most Syrian areas on the first day of Ramadan 2020. Prices of food materials increased by 20 percent in the Syrian government-controlled city of Hama. The prices increased between ten and 20 percent in the city of al-Raqqa, which is controlled by the Syrian Democratic Forces.

The Syrian pound's value continues to decline against the USD. On Sunday, the USD exchange rate exceeded 1,600 SYP in Syrian governorates. This rate is yet the worst in the history of Syria since its independence and the separation between the Syrian and Lebanese pounds, as in 1961, one USD made two SYP, in 2005 it made 53 SYP, in 2010 it made 49 SYP, and it began declining rapidly since 2011.