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Government raises fuel prices

By JT - Oct 01,2016 - Last updated at Oct 01,2016

One litre of unleaded 90-octane gasoline is now sold at JD 0.575, while a litre of unleaded 95-octane gasoline is sold at JD 0.745 (Photo by Amjad Ghsoun)

AMMAN — The government on Friday decided to increase the prices of gasoline, kerosene and diesel, and to maintain the price of gas cylinders unchanged at JD7, the Jordan News Agency, Petra, reported. 

The government’s decision, which went into effect on Saturday, was taken in accordance with the recommendations of the fuel pricing committee, which convened a day before.

Under the decision, kerosene and diesel are now sold at JD0.435 per litre, up from JD0.425 per litre.

One litre of unleaded 90-octane gasoline is sold at JD0.575, up from JD0.555, while a litre of unleaded 95-octane gasoline is sold at JD0.745, up from JD0.720.

The increase in prices for kerosene and diesel is around 2.4 per cent, and around 3.6 per cent for gasoline.  

A government pricing committee meets monthly to adjust 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.

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.

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

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

 

In June, the government also decided to impose a fixed Treasury allowance on fuel amounting to 25 fils per litre, in light of Jordan’s agreement with the International Monetary Fund and in implementation of the Cabinet decision to add 25 fils to fuel prices to support the budget.

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