You are here

Gov’t hikes fuel prices by 3-8%

Increase to gas prices includes ‘support for Treasury’

By JT - Feb 01,2017 - Last updated at Feb 02,2017

Vehicles wait in queue to refuel at a gas station in Amman on Tuesday (Photo by Amjad Ghsoun)

AMMAN — The government on Tuesday decided to raise the prices of gasoline, kerosene and diesel by 3 to 8 per cent, and maintain the price of gas cylinders unchanged for February.

The government’s decision, which goes into effect today, was taken in accordance with the recommendations of the fuel pricing committee, which convened on Tuesday, the Jordan News Agency, Petra, reported.

Under the decision, kerosene and diesel will be sold at JD0.480 per litre, up from JD0.465, marking a 3.22 per cent increase.

One litre of unleaded 90-octane gasoline will be sold at JD0.665, up from JD0.62, marking a 7.3 per cent increase, while a litre of unleaded 95-octane gasoline will sell for JD0.88, up from JD0.81, recording an increase of 8.64 per cent.

The hikes to gasoline prices include a 30 fils increase to support the Treasury under “economic correction measures” recently taken by the government, Petra reported, adding that no such increase was added to the prices of kerosene and diesel.

A government committee meets monthly to adjust fuel prices to correspond with changes in oil prices on the international market.

The committee noted that the price of gas cylinders will remain unchanged at JD7 despite their actual increase to JD8.5.

Prices of oil derivatives on the local market are calculated based on international prices, with the addition of other costs such as shipment, handling and taxes.

The committee said that it referred to international oil prices, which showed that the cost of a barrel of crude Brent oil went up from $53.5 in December to $54.6 in January, Petra reported, adding that since the average of the crude Brent oil barrel did not exceed $55, the government kept the price of a kilowatt hour of electricity as is.

All derivatives are subject to a JD0.006 stamp fee, in addition to other fixed fees related to transport, storage and insurance costs.

up
37 users have voted.

Comments

TAKING TO THE STREETS IS NOT AND CAN NEVER BE AN ANSWER TO THE SOLUTIONS OF OUR PUBLIC POLICY BECAUSE IT CAN EASILY SPIN OUT OF HAND. THE ISSSUE IS THAT JORDANIANS ARE NOT INTERESTED IN POLITICS, PUBLIC POLICY AND HOW TO HELP THEIR GOVERNMENT COME UP WITH REASONABLE WORKABLE SOLUTIONS. YES THE COST OF LIVING IN JORDAN IS CRUSHING THE PEOPLE, MAKING SOME EVEN CRAZY AND CREATING THE SENSE OF HELPLESSNESS AND HOPELESSNESS SO WHAT IS THE SOLUTION?. THE PEOPLE MUST SPEAK OUT, PARTICIPATE IN THE NATION BUILDING. FOR THE MAN FROM THE MARS, I HAVE NOTHING BUT TO SAY THANKS TO YOU FOR GETTING INVOLVED IN THIS DEBATE SO LET US ALL JOIN HANDS TO HELP. WE CAN CRITISIZE WHEN NECESSARY BUT ALSO PRAISE THE GOVERNMENT WHEN THEY DELIVER WHAT THE PEOPLE WANTS. FOR EXAMPLE, LET US SEE WAHT HIS MAJESTY HAS ACCOMPLISHED WHILE IN USA THIS WEEK. HE HAS FACE TO FACE CONVEYED HIS OPINIONS TO PRESIDENT TRUMP BOTH THINGS HE WANT TO HEAR AND THOSE HE DOES NOT WANT TO HEAR AND ALL JORDANIANS MUST GIVE THEIR LEADER A TUMBS UP FOR STANDING TALL TO DEFENDING AND PROTECTING THEIR INTEREST. GOD BLESS HIS MAJESTY.

I believe Jordanian people are obedient and polite . I envy Jordan Government for having this kind of nation who keeps silent and quiet on the high cost of living against very low income. Less than a year in June 2016 the Government raised fuel prices by 3.5 to 10.9 percent , the streets of major cities remained calm . No people took to the streets to protest the rise . Last night once again the Government as easily as hot knife cuts through butter put fuel prices up by 3-8 percent , knowing that people who learnt tough lessons of what is happening in some Arab countries will not lift a finger against raising fuel prices . I pity Jordanians for bearing the inferno of life .

Add new comment

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
15 + 2 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Newsletter

Get top stories and blog posts emailed to you each day.