Electricity costs are just one part of the price of goods in local market

AMMAN — Representatives from the commercial sector said that lowering the electricity tariff would not significantly affect the prices of goods in the local market, because they are linked to external factors and determinants, according to Jordan News Agency, Petra.اضافة اعلان

They said that the commercial sector is influenced by several price determinants, with the electricity cost being one of those determinants, stressing that high prices of raw materials, global freight wages, taxes and customs duties, and operating costs all affect the price of goods locally.

The Ministry of Energy and Mineral Resources estimated the value of savings from the removal of electrical tariff distortions at about JD50 million, none of which will end up in the state treasury, but would be directed to support economic sectors.


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