Jordan fuel prices may rise amid global costs
It is expected that the Jordanian government will raise fuel prices between 3% and 5% in the coming period, due to the ongoing increase in global oil product prices and the impact of support policies and gradual cost reflection on local prices. However, the anticipated adjustment will be limited to avoid placing a significant burden on citizens, as the government is addressing rising costs by balancing between maintaining current prices and gradually adjusting them. So far, fuel prices have remained stable despite the rise in global costs, with the government bearing the cost differences since the beginning of the crisis, while continuing to support the prices of some derivatives. Domestic sales are based on the average global prices of the previous month, and the decision to set prices is made by the Fuel Price Setting Committee, which holds regular meetings to review costs.
Notice: This Is an AI-Generated Summary
Comments (0)