AMMAN — An official source at the
Energy and Minerals Regulatory Commission (EMRC)revealed a proposed study, based on the recommendation of the minister of
Energy and Mineral Resources, Saleh Kharabsheh, which would allow the
government to set a price floor and ceiling for fuel and determine a specified period
to working within the chosen ranges.
اضافة اعلان
According to Ammon News, the source explained that the goal
of setting a price floor and ceiling is to enhance competitiveness among
companies that market and distribute fuel.
The source explained that according to the proposal, competitiveness
would remain amongst marketing agencies in terms of the services they provide
to the consumer, and the source also ensured that the recommended controls would
maintain this competitiveness.
He also shared that after opening the application window for
companies to work in the marketing and distribution sector for fuel last
September, no marketing company applied for a license to practice the import,
export, transport, manufacturing, storage, loading, unloading, or distribution
of fuel derivatives.
The source also confirmed that the application window is
still open, noting that there are currently only three marketing companies in
the local fuel market. However, these companies held an exclusive 10-year agreement,
which has since expired, which is why the application was put forward.
Hussein Labboun, the chief
commissioner of the EMRC, said that the announcement comes in accordance with
the authority legally granted to the EMRC, stressing that this step aims to
enhance competitiveness within the sector to improve the service provided to citizens.
Regarding the
requirements for participating in the fuel marketing sector, Labboun shared
that the minimum for those interested in investing, whether domestic or
foreign, is that they have at least five years of experience in managing and
operating final fuel derivative facilities.
He also added that the
interested parties must have experience managing and operating at least 30 gas
stations worldwide or at least 15 gas stations in Jordan, provide proof of
financial funds and technical experience, and have at least JD30 million in
capital.
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