Gov’t raises price of gas cylinders, lowers prices of other fuel products

AMMAN — The government on Monday decided to lower fuel prices by between 2.7 per cent and 3.6 per cent as December 1, but raised the price of gas cylinders by 7.1 per cent.

Under the decision, one litre of unleaded 90-octane gasoline will drop by some 3.6 per cent, from JD0.555 to JD0.535, while a litre of unleaded 95-octane gasoline will drop by around 2.7 per cent, from JD0.72 to JD0.7.

The price of one litre of diesel and kerosene will go down to JD0.4 from JD0.41, registering a drop of around 2.4 per cent.

The price of the 12-kilogramme gas cylinder, used for cooking and in winter for heating purposes, will go up to JD7.50 from JD7, under the new pricing list, at a 7.1 per cent increase.

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 prices of oil, with the addition of other costs such as shipment, handling and taxes.

In remarks to The Jordan Times last week, Gas Stations Owners Association President Fahed Al Fayez had expected prices of oil derivatives for December to drop by 3 to 4.5 per cent.

He based his prediction on the average prices of fuel on the international market.