Fuel shortage, price hikes squeeze protest-hit Lebanon

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Fuel shortage, price hikes squeeze protest-hit LebanonA rationing of dollars by banks in protest-hit Lebanon sparked growing alarm on Saturday as some petrol pumps ran dry and grocery stores hiked prices. For two decades, the Lebanese pound has been pegged to the greenback and the currencies are used interchangeably in daily life. On Saturday, several petrol stations ran out of fuel because of a shortage of dollars needed to pay for imports, a syndicate head said.


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