Energy experts satisfied oil derivatives prices unchanged

Ask gov’t to reform pricing system

3. Fuel Derivatives
Oil experts expressed hope that the government will take its first step away from the adjusting the price of oil derivatives monthly. (File photo: Ameer Khalifeh/Jordan News)
AMMAN — The Petroleum Derivatives Pricing Committee, following government directives, on Monday fixed the selling price of octane 90 gasoline at JD0.85 per liter, of octane 95 gasoline at JD1.085 per liter, of diesel at JD0.615 per liter, and of kerosene at JD0.615 per liter; it also maintained the price of gas cylinders at JD7 per cylinder. اضافة اعلان

The decision was commended by oil experts interviewed by Jordan News, who expressed hope that this will be the first government step toward reconsidering adjusting the prices of oil derivatives monthly.

Energy expert Hashem Aqel told Jordan News that maintaining the prices is a positive move that citizens will appreciate, especially in light of the difficult economic and weather conditions, which force citizens to pay more for heating materials, “which is a burden”.

“I hope that this step will be just the beginning, that the government will reconsider adjusting oil derivative prices to relieve citizens and encourage an economic cycle that benefits all economic sectors in the Kingdom,” Aqel added.

Amer Shoubaki, another energy expert, told Jordan News that maintaining the prices of oil derivatives is important to reviving the economy, “especially that the current prices are considered to be historical and unprecedented”.

Shoubaki added that maintaining the prices contributes to increasing the purchasing power of the citizens, and that “the government should also reconsider the taxes imposed on oil derivatives, since they constitute a burden for both individuals and the economic sector.”

Nahar Saidat, head of Petrol Station Owners Syndicate, told Jordan News that he commends the decision, and that keeping the prices of oil derivatives as are would put less of a burden on citizens who already suffer from difficult economic conditions.

He added that “this is a good step that citizens should be happy about, especially since prices have risen globally.”

“This decision will make the State Treasury bear [the difference of] millions of dinars, yet the government decided to keep the prices unchanged, so we should thank it for this decision,” he said.

Globally, the price of oil has risen since the beginning of this year by 10 percent, with an average price of $84 per barrel for Brent in January and an average of $74 per barrel last December.


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