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Deputy questions government on oil burden on Jordanians

Deputy questions government on oil burden on Jordanians

The article focused on Deputy Iman Al-Abbasi's question to the government regarding the mechanism for pricing petroleum derivatives in Jordan and its impact on citizens and the national economy, especially in light of global oil price fluctuations. The deputy seeks to obtain detailed information about the total cost of pricing each petroleum derivative over the past 24 months. This includes the international price, transportation, storage costs, taxes, marketing margins, as well as the value of price differences borne by the treasury or collected during this period. She also calls for the development of a flexible tax mechanism to minimize the transfer of oil price shocks to consumers, and requests an assessment of how fuel price increases affect inflation and economic growth, emphasizing the need for economic models to measure these impacts before making decisions. Additionally, she inquires about future measures to address sharp oil price shocks and advocates for national strategies to reduce dependence on imported oil by supporting renewable energy, promoting local gas production, and improving energy efficiency—aims aimed at protecting the economy and citizens from price volatility.

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