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Saturday, October 17, 2026English edition
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The Geopolitician

Country risk, from the local press

Lebanon · Country watch

Fuel Prices Drop, ANKR 687 Project Launches

Lebanon sees a decrease in fuel prices, and ANKR 687 residential project is launched, impacting construction and retail sectors.

· · 4 sources

The picture Mixed

Business conditions in Lebanon are mixed today. Fuel prices have decreased, offering some relief to importers, while rising food costs pose challenges for retailers and consumers. The launch of the ANKR 687 project indicates positive movement in the construction sector.

In this briefing Ministry of Energy and Water · Ankr Development · Gemayel family · Ministry of Economy

Regulation

  • energy
  • retail

Fuel prices drop in Lebanon, new rates announced

The Lebanese Ministry of Energy and Water announced a decrease in fuel prices on Friday. The new rates are as follows: 95-octane gasoline is priced at 2,773,000 LBP, a decrease of 22,000 LBP; 98-octane gasoline is 2,791,000 LBP, also down by 22,000 LBP; and diesel is 2,578,000 LBP, a reduction of 11,000 LBP. The price of gas remains unchanged. This adjustment is part of the ministry's regular pricing update, according to An-Nahar.

Impact Fuel importers and retailers in Lebanon see reduced costs with the new fuel price adjustments.

Sources: An-Nahar النهار ↗, Leb Economy ↗

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

  • construction
  • retail

ANKR 687 residential project launched in Saifi

Ankr Development, in partnership with the Gemayel family, has launched ANKR 687, a flagship residential project in Saifi, Beirut. The agreement marks the formal commencement of the development, which aims to provide luxury residential units in the heart of the city. Executive Magazine reports that this project is expected to enhance the real estate market and attract investments in the construction sector.

Impact Real estate investors and construction firms gain opportunities from the ANKR 687 project in Beirut.

Sources: Executive Magazine ↗

Markets

  • retail
  • agriculture

Lebanon food basket prices rise, meat up 17%

Lebanon's food basket prices increased by 5.5% from January to October 2026, according to the Ministry of Economy. The cost of meat rose by 17% and fruits by 16%. The basket, which includes 60 food items, went from 24.16 million LBP in January to 25.37 million LBP in October. This rise reflects ongoing inflationary pressures in the country, as reported by An-Nahar.

Impact Retailers and consumers face higher costs due to the 5.5% rise in food basket prices in Lebanon.

Sources: An-Nahar النهار ↗, Leb Economy ↗

Trade

Nothing significant reported today.

Politics

Nothing significant reported today.

Also today in Lebanon

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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