EMRC explores price ceilings for petroleum derivatives

EMRC energy
(File photo: Jordan News)
AMMAN — In a recent announcement, Ziyad Saaida, the chairman of the Energy and Minerals Regulatory Commission's (EMRC) Board of Commissioners, revealed that Jordan is considering a shift from the current fuel pricing system to price ceilings. اضافة اعلان

According to Al-Mamlaka TV, Saaida highlighted the potential for increased competition in the market if multiple marketing companies enter the scene.

He emphasized that the presence of several players would foster a more dynamic industry.

Investment opportunity
In line with this development, the EMRC has opened the doors to interested investors looking to invest in the marketing and distribution activities of petroleum derivatives within Jordan.

The move is expected to enhance investment opportunities, streamline investment procedures facilitated by the EMRC, promote market opening, generate new job opportunities, and guarantee the sustainable supply of petroleum derivatives.

Saaida clarified that the primary goal of welcoming investors into the petroleum derivatives marketing sector is to ensure long-term supply security while bolstering competitiveness among participants.

At present, there are three marketing companies operating in Jordan. Their licenses for petroleum derivatives are up for renewal this month. Saaida indicated that the market requires one or two additional companies to meet the growing demand effectively.

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