Expert urges gov’t to allow imports of Russian oil to reduce fuel prices

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(File photo: Jordan News)
AMMAN — Energy expert Amer Al-Shobaki has urged the Jordanian government to permit the import of Russian oil to help lower fuel prices. He also called for the Platts bulletin, which uses Singapore, Mediterranean, and Gulf prices to price oil derivatives, to be discontinued, according to Jo24. اضافة اعلان

Shobaki further suggested holding companies that import fuel from abroad accountable for their purchase invoices to help reduce fuel prices.

No sanctionsHe stated that the sanctions imposed by the US do not include Jordan, but rather European countries, the G7, and Australia. He noted that many countries, including Morocco, Egypt, and Turkey, import Russian oil, and there are no sanctions against them.
The sanctions imposed by the US do not include Jordan, but rather European countries, the G7, and Australia.
Shobaki added that Russian oil prices are lower than all other varieties, with a barrel of diesel sold globally for $130, compared to a barrel of Russian diesel that costs only $85. A barrel of gasoline is sold globally for $100, while Russian gasoline is sold for less than $75. Additionally, a barrel of crude oil is sold globally for $85, while a barrel of Russian oil is sold for $45.


He stated that this presents a significant opportunity for Jordan to overcome the economic crisis related to high energy prices. He also added that a spokesperson for the White House has said that the US government does not want to prevent Russian oil from accessing markets.


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