Fuel prices rise by around 3%

AMMAN — The government raised fuel prices for May by between 2.5 and 3.3 per cent, according to an announcement by the Ministry of Industry, Trade and Supply carried by the Jordan News Agency, Petra.

Under the new price list, one litre of unleaded 90-octane gasoline now costs JD0.625 instead of JD0.610, going up by around 2.5 per cent compared to last month. 

The price of 95-octane also rose by the same percentage, with one litre now selling for JD0.795 instead of JD0.775. 

The price per litre of diesel and kerosene was set at JD0.470 instead of JD0.455 — an increase of around 3.3 per cent. 

The cost of a 12.5-kilogramme gas cylinder remained the same, at JD8.

Since the government lifted fuel subsidies in November 2012, a 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 prices of oil, with the addition of other costs such as shipment, handling and taxes on gasoline.