Shobaki reports imbalance in oil pricing

(Photo: Envato Elements)
AMMAN — Oil expert Amer Al-Shobaki said Sunday that the government raised the prices of oil derivatives four consecutive times, according to Khaberni.اضافة اعلان

Speaking before the price hike announced Sunday, he said that global oil prices are declining. He stressed that “there is an imbalance in the pricing of oil derivatives in Jordan”.

Shobaki pointed out that the imbalance is created by the tax imposed on oil derivatives in Jordan, and not by the global prices, adding that the prices of diesel and kerosene in Jordan are low compared to global prices.

According to him, Jordan has the second highest fuel prices among Arab countries, after Morocco, and higher prices than those in Turkey and the US, especially for gasoline octane 95.

Shobaki said that the price of gasoline 95 is expected to be reduced by “JD0.01 per liter”, and the price of gasoline 90 to be equal to the international price.

He expressed hope the government will discuss with the IMF, which imposes conditions as part of the economic reform program, and express objections, just like Egypt and Tunisia.

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