Fuel price drop confirmed in Jordan
Jordan's government on Sunday decided to lower fuel prices as of Monday.
The government [of Jordan] on Sunday decided to lower fuel prices as of Monday.
According to a statement issued by the Ministry of Industry and Trade and Supply, the pricing committee put the price of one litre of unleaded 90-Octane gasoline at JD0.80 ($1.12) down from JD0.835 ($1.17), while a litre of 95-Octane will be sold at JD0.97 ($1.36)instead of JD1.030 ($1.45).
The drop in the prices of the two gasoline products is around 5 per cent.
Prices of both diesel and kerosene will go down to JD0.665 ($0.93) from JD0.710, which is around a 7 per cent decrease, in accordance with the new pricing list.
The price of cooking gas remained unchanged at JD10 ($13)per cylinder, according to the statement.
President of the Gas Stations Owners Association (GSOA) Fahed Al Fayez on Saturday expected prices of main fuel products to decrease by at least 5 per cent as he based his expectations on the average price of Brent Crude Oil in the global market during March.
Fayez told The Jordan Times that the price per barrel stood between $107 and $109, while in February, its price peaked to $117 per barrel.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?