AMMAN —
The
price of gasoline is expected to go down not less than 4 percent for the
first time since the beginning of 2022, starting with September, according to
oil expert Amer Shobaki.
اضافة اعلان
In a press
statement sent to the local media, Shobaki said that the price of octane 90
gasoline will be reduced by at least 40 fils per liter and the price of octane
95 gasoline by at least 70 fils per liter.
The government
has increased the price of both types of gasoline five times since the
beginning of this year, to unprecedented records in the history of gasoline
prices in Jordan, with a liter of octane 90 gasoline reaching 990 fils and of
octane 95 reaching JD1.3 per liter, Shobaki said.
He added that
international oil prices fell 25 percent in two months, to less than $100 per
barrel of Brent crude at the beginning of August, affected by the drop in
demand, with the fear of economic stagnation hanging over the global economy.
Others factors affecting prices include the rise in
US crude stocks, the
increase in oil production by the OPEC Plus group, and hope that the nuclear
agreement with Iran will be revived, which, if it happens, could get oil prices
down to $85 per barrel.
Expert in oil and
energy affairs Hashem Akel said that the prices of oil derivatives are
indicative of the stability of the local price of octane 90 gasoline, as the
global price is equivalent to the local price, which stands at 990 fils per
liter.
The price of
octane 95 gasoline decreased by 5 percent globally, which is equivalent to 65
fils. Akel said that the local price stands currently at JD1.30, compared to
the global price of JD1.235.
As for diesel,
Akel said that the difference is still big between the local price and the
global price, with the price in Jordan standing at 755 fils, compared to the
global price which is 920 fils.
Akel stressed
that these prices are not final, as there are 15 days until the end of the
month, and global developments may still change the prices.
He stressed that one of
the most important immediate factors affecting oil prices is the nuclear
agreement with Iran, which, if reached, will allow Iran to increase its oil
output, which will be sold in the market, and could bring the price of a barrel
of oil to $80.
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