Lebanon's central bank lifts all fuel subsidies

BEIRUT, Sept. 12 (Xinhua) -- Lebanon's central bank lifted all remaining fuel subsidies on Monday, in a move that promises a hike in prices and increased pressure on the local currency, Elnashra news website reported.

Over a year ago, the central bank announced a gradual program to lift subsidies on fuel imports in an attempt to curb the drop in foreign currency reserves.

"Gas station owners will now pric