Fuel hikes to be expected in February, expert predicts

Diesel fuel saw a cumulative increase since October totaling 90 fils. (Photo: Envato Elements)
AMMAN — Oil affairs expert, Hashem Akel, has said that a sharp rise in the price of oil derivatives worldwide in January means that local fuel prices will rise in varying proportions in February, according to Ammon News.اضافة اعلان

Akel said that the price of octane 90 gasoline would increase by 5.5 percent, which is equivalent to 45 fils, and the price of octane 95 gasoline would increase by 4 percent, which is also equivalent to 45 fils.

As to diesel fuel, he said that there has been a cumulative increase since October of 90 fils in addition to an increase from December of 55 fils.

If the December price is calculated as a reference without looking at the previous months, the increases will total 8.5 percent, but if the increase in October, November, and December is calculated up to January, the increase would amount to 90 fils — a sizeable hike of 14 percent.

Akel indicated that these increases are considerably high and are stressful to citizens, calling on the government to reconsider and to at least stabilize prices to support people during the winter months amid difficult economic conditions.

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