Jordan braces for winter fuel price surge amid global oil price spike

(File photo: Ameer Khalifeh/Jordan News)
AMMAN — Energy expert Amer Al-Shobaki anticipates consecutive fuel price increases in Jordan during the winter due to a substantial global rise in oil prices, combined with fixed fuel taxes. He pointed out that current prices are approaching historical levels, and there's an expectation of further fuel price hikes in Jordan. He voiced concerns about the possibility of raising gasoline prices before winter, which would compound the financial burden on citizens. Shobaki emphasized that various goods directly depend on fuel prices, such as transportation, which may also witness price hikes.اضافة اعلان

Furthermore, he indicated that fuel prices in Jordan are likely to rise considerably compared to their current levels, with expectations of a significant surge in global oil prices in the near future. He also stressed that the taxes imposed on fuel are a major factor contributing to these prices, not solely global oil prices. He called on the government to review these imposed taxes and explore alternative solutions, such as reducing expenses. He also suggested that the government could consider aligning fuel prices with Iraqi oil prices to alleviate the burden on citizens, Khaberni reported

Regarding global prices, the Ministry of Energy and Mineral Resources previously reported that petroleum product prices experienced a global increase in the first week of September compared to their average prices in August.

According to the ministry's data, Octane 90 gasoline reached $875.6 per tonne in the first week of September, up from $865.1 per tonne in August, representing a 1.2 percent increase. Octane 95 gasoline recorded a price of $928.8 per tonne, compared to $919.1 per tonne in August, marking a 1.1 percent increase.

The price of diesel also increased from $848.1 to $870.5 per tonne, marking a 2.6 percent increase, while the price of kerosene rose from $902.1 to $928.7 per tonne, a 2.9 percent increase. However, fuel oil prices decreased from $533 to $519.9 per tonne, a 2.5 percent decrease. Meanwhile, the price of liquefied petroleum gas (LPG) surged to $557.5 per tonne in September, compared to $462.5 per tonne in August, indicating a substantial 20.5 percent increase.

Additionally, the average price of Brent crude oil in the first week of September rose to $91.1 per barrel, up from $86.2 per barrel in August, marking a 5.7 percent increase.

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