Prices of gasoline down, diesel, kerosene up

AMMAN — The government on Wednesday decided to lower prices of some fuel derivatives and increase prices of others as of Thursday.

Under the decision, issued by Minister of Industry, Trade and Supply Maha Ali, one litre of unleaded 90-octane gasoline will be sold for JD0.555 in October, down from JD 0.560 in September. The price of one litre of unleaded 95-octane gasoline will drop from JD 0.725 to JD0.720.

On the other hand, the price of one litre of diesel and kerosene will go up to JD0.410 from JD0.405, according to a ministry statement sent to The Jordan Times.

Under the new pricing list, the price of the 12-kilogramme gas cylinder, used for cooking and, in winter, for heating, will go down to JD7 from JD7.25.

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.

In recent remarks to The Jordan Times, an industry source expected prices of oil derivatives in the domestic market to increase by 3 to 4 per cent at the end of September. 

The source, who requested to remain anonymous, said the expected increase in prices of main fuel products would be a reflection of the slight recovery in prices of Brent crude, the global oil benchmark.