On Tuesday, the Lebanese flour millers’ association warned that fuel shortages were threatening bread production and mills would gradually stop working after supplies ran out.
“We are calling out to all concerned officials to work quickly before it is too late, as fuel oil supply for all the mills has run out and they may stop working gradually starting today,” a statement from the association underlined.
The state power generator has barely supplied any electricity, leaving Lebanese households and businesses increasingly reliant on private generators powered by fuel oil, which in turn is in short supply. This shortage has paralyzed many facets of daily life in the financially distraught country.
The statement further read that, despite efforts, alongside the economy and trade ministry, to communicate concerns to several officials, “no positive results have been reached.”
Lebanon’s economic crisis has seen its currency lose more than 90 percent of its value and propelled more than half of its population into poverty. The socio-economic situation Lebanon is situated in has been described by the World Bank as one of the deepest depressions of modern history.
Furthermore, the fuel crisis reached a crunch point this month when the central bank said it could no longer finance fuel imports at heavily subsidized exchange rates and would switch to market rates