Gasoline prices in Jordan expected to increase, says experts

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AMMAN — Experts in the petroleum sector have predicted an increase in gasoline prices for both 90 and 95 octane, according to Al-Mamlaka TV. اضافة اعلان

They are also expecting the reintroduction of a tax on the selling price of kerosene to citizens during May.

Spring season leads to global demand and price hikeFahad Al-Fayez and Hashem Akel, two industry experts, have suggested that the price of both types of gasoline will rise by around 1.5 piaster per liter. Fayez stated that this increase can be attributed to the global increase in demand for gasoline in its various forms and due to the start of spring.

Fayez also adds that this increase will range between 1–2 percent, equivalent to 1–1.5 piasters per liter. In contrast, he expects the price of diesel to remain stable, although it may decrease by 1–1.5 percent or 1-1.5 piasters.

TaxAdditionally, Fayez expects the tax on the selling price of gas to citizens to return to its previous rate, with the price of kerosene to change based on global prices.

On the other hand, Akel expects the price of both gasoline types to increase by 15 piasters per liter and for the price of diesel to decrease by 20 piasters per liter.

Akel also predicted that the decision to stabilize the price of kerosene will be canceled, allowing it to return to its regular price, which is the same as the price of diesel.

The Cabinet had previously decided to freeze the taxon the selling price of kerosene to citizens during the winter season to ease the burden on citizens, especially those with limited income.

This decision was made in accordance with the directives of His Majesty King Abdullah.

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