Jordan expects new increase in fuel prices

fuel gas pump
(File photo: Jordan News)
AMMAN — Jordan should expect another increase in fuel prices, since the government has previously declared that hikes in the price of oil derivatives will be gradual, oil expert Amer Al-Shobaki said, according to a local media outlet.اضافة اعلان

Khaberni quoted Shobaki as saying that the government’s decision began since the announcement on fuel prices for May was announced. He explained that the upward trend is expected to continue, considering that the government insists on imposing taxes.

In June, an increase between JD0.035 to 0.05 is likely, Shobaki said.

The selling price of 90-octane gasoline sells at JD0.885 per liter, and the liter of 95-octane is JD1.12.

Shobaki indicated that about JD0.140 is taxes levied on each liter of 90-octane gasoline, and from JD0.35 to JD0.40 on each liter of octane 95.

As for diesel and kerosene, Shobaki pointed out that the government does not levy taxes on both supplies, virtually making their prices partly subsidized. He explained that the global price of diesel fuel and kerosene are approximately JD0.80 without taxes, while both are sold at JD0.65 per liter locally.

Shobaki stressed that a reflection of international prices and taxes will make prices unbearable and unacceptable to citizens, and that the price of a tank of diesel may reach JD20, and 90-octane gasoline JD22.5, and JD27.5 for 95-octane gasoline, which are much higher than before.

Shobaki said there are indications that the prices of oil and oil derivatives will continue to rise until the end of the year due to the Russian-Ukrainian war, as well as the ensuing sanctions on Russian oil, and the emergence of a new energy map in the world.

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