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Fuel prices remain unchanged

By JT - Feb 29,2016 - Last updated at Feb 29,2016

AMMAN — The government on Monday decided to keep the prices of fuel derivatives unchanged in March.

The decision, issued by Minister of Industry, Trade and Supply Maha Ali, was taken based on the government pricing committee’s review of international oil prices, according to a ministry statement.

One litre of unleaded 90-octane gasoline will continue to be sold at JD0.495, a litre of unleaded 95-octane gasoline at JD0.650, and diesel and kerosene at JD0.320 per litre, as in February.

The price of a 12-kilogramme gas cylinder, used for cooking and in winter for heating purposes, remains at JD7. 

Fuel prices for February marked a 4 to 11 per cent drop compared with January.

A government pricing committee meets monthly to adjust prices in a manner that corresponds to changes in oil prices on the international market.

Prices of oil derivatives in the local market are calculated based on international oil prices, taking into account other costs such as shipment, handling and taxes. 

Overall taxes on oil derivatives are as follows: 22 per cent on 90-octane and 40 per cent on 95-octane, while the tax is 6 per cent for all other fuel products, except for heavy oil.

 

All derivatives are subject to a JD0.006 stamp fee.

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