Lebanon to hold state gasoline tender on trial basis - caretaker minister

Lebanon will hold a state tender for 95 octane gasoline next month that will cover about 10% of annual needs, its caretaker energy minister told Reuters on Friday, adding the results would determine whether the state becomes a long-term buyer.

Energy Minister Nada Boustani said the tender was announced after private importers, who mainly procure the country's gasoline, sought to raise prices after being hit by rising dollar costs on a parallel market.