Politics1 min read

Syria dreamed of a new dawn after Assad, but economic misery clouds its future

By · Via Times of India · Published by Everything Blog

In short

The termination of long-standing government subsidies has caused bread prices to surge tenfold alongside steep rises in fuel and electricity rates, completely neutralizing public sector wage increases. In mid-September, nationwide demonstrations erupted after further fuel hikes, prompting protesters to block major transit corridors and demand the removal of top economic officials. To de-escalate the crisis, the energy ministry instituted a tiered diesel pricing system and announced plans to reactivate small refineries handling up to 35,000 barrels of crude daily.

Key points

  • Government austerity measures and subsidy removals have triggered the most significant pu…: Government austerity measures and subsidy removals have triggered the most significant public demonstrations seen since Bashar al-Assad was ousted.
  • Recent adjustments to public sector pensions and salaries have failed to insulate familie…: Recent adjustments to public sector pensions and salaries have failed to insulate families from soaring basic food and utility costs.
  • Energy officials attempted to pacify nationwide unrest by implementing a tiered fuel disc…: Energy officials attempted to pacify nationwide unrest by implementing a tiered fuel discount system for agriculture, heating, and productive sectors.

Sources checked by our analysis pipeline: 1

Nearly two years after Bashar al-Assad was ousted, Syrians who had hoped for a better life under President Ahmed al-Sharaa are still struggling to afford basic necessities. Rising food, fuel and electricity costs are deepening an economic crisis that has fuelled public anger against the new administration.

The government's inability to ease the financial burden on households was laid bare in September, when a sharp increase in fuel prices triggered widespread protests. The unrest forced authorities to partially roll back the decision, according to a Reuters report.

The government had raised diesel prices by 40 per cent on September 14, taking them to 175 Syrian pounds per litre from 125 pounds. It also increased the prices of 95-octane petrol by 28 per cent to 195 pounds, 90-octane petrol by 26 per cent to 185 pounds, and household and industrial gas by around 9 per cent.

The increases triggered demonstrations across Syria is the most widespread since Assad's fall. Protesters burned tyres, blocked key roads, including the highway linking Damascus to Aleppo, and disrupted crude tanker convoys heading towards refineries in…

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