Syria raises fuel prices to snuff out black market, soothe unrest

January 27, 2015 5:28 PM

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Syria raises fuel prices to snuff out black market, soothe unrest

AMMAN (Reuters) - Syria has raised fuel prices, cutting back on lavish subsidies, to quell a thriving black market that has led to anti-corruption protests in areas of strong government support.

Worsening fuel and electricity shortages have sparked sometimes violent protests in the last few months in President Bashar al-Assad's minority Alawite sect's heartland in the port city of Latakia, residents say.

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