Fuel Prices Expected to Rise

Fuel Prices Expected to Rise
Fuel Prices Expected to Rise
Amman – Local forecasts indicate that fuel prices in Jordan are likely to increase next month, following the upward trend of global prices. At the same time, the Fuel Station Owners Association confirms that demand for gasoline and diesel has continued to decline in recent months.اضافة اعلان

Predictions suggest that local fuel prices may rise by between half a piastre and one piastre per liter next month.

Energy researcher Amer Shobaki said, “Prices are expected to increase by about one piastre for both types of gasoline, and roughly the same for diesel.” He explained that the increase is primarily global, driven by pressures on Iranian and Russian oil, raising concerns about potential supply shortages.

Shobaki added that markets remain uncertain despite increased production and supply from OPEC. U.S. tariffs imposed by President Donald Trump, along with geopolitical tensions, have kept prices on an upward trajectory.

Energy expert Hashem Aqel expects the price of 90- and 95-octane gasoline to rise by about half a piastre per liter, while diesel prices may increase by one piastre per liter compared to current levels. He attributed the expected rise to several factors, including geopolitical risks, tighter sanctions on Russia and Iran, and instability in Venezuela.

Global Fuel Prices

According to the latest bulletin from the Ministry of Energy and Mineral Resources, global fuel prices increased during the third week of September compared to the previous week.

95-octane gasoline rose from $697 to $705 per ton (+1.1%).

90-octane gasoline increased from $673 to $685 per ton (+1.8%).

Diesel climbed from $636 to $639 per ton (+0.5%).

Kerosene rose from $659 to $672 per ton (+2%).

Fuel oil increased from $392 to $395 per ton (+0.8%).

Liquefied petroleum gas (LPG) prices remained stable.

Local Demand for Fuel

Naher Al-Saeedat, head of the Fuel Station and Gas Distribution Owners Association, stated that demand for petroleum products is within normal limits, despite a noticeable decline in gasoline and diesel consumption in recent months.

Ministry of Energy data showed that demand for 90-octane gasoline decreased by 2.8% in the first half of the year, totaling 748.4 million liters. In contrast, demand for 95-octane gasoline rose by 6.7% to 75.6 million liters, and diesel demand increased by 5% to over 888 million liters, compared with 846 million liters in the same period last year.

For September, the government fixed the sale price of 90-octane gasoline at 850 fils per liter and 95-octane gasoline at 1,075 fils per liter. Diesel prices were reduced to 675 fils per liter from 690 fils, kerosene remained at 620 fils per liter, and the domestic 12.5-kg gas cylinder price stayed at 7 dinars.