Drop in fuel prices announced

AMMAN — The government’s fuel pricing committee on Wednesday decided to lower the prices of unleaded 90-octane gasoline and diesel by JD0.005 per litre and unleaded 95-octane gasoline by JD0.015 as of Thursday.

The committee also decided to maintain the price of kerosene at JD0.520 per litre and the price of gas cylinders at JD7, the Jordan News Agency, Petra, reported. 

The price of one litre of unleaded 90-octane gasoline will go down during March to JD0.760, down by 0.7 per cent from February’s price, which stood at JD0.765 per litre.

The price of unleaded 95-octane gasoline will mark a 1.5-per cent drop, selling at JD0.985 per litre, compared to JD1 last month.

The price of diesel will drop to JD0.560 per litre, down by 0.9 per cent, compared to JD0.565 in February.

Regarding gas cylinders, the panel said it maintained the local price at JD7 despite the increase on international rates to JD8.63.

The committee attributed the decision to maintain prices of kerosene and gas cylinders to a government procedure that aims at alleviating the burdens of low-income segments in line with domestic economic conditions.

Prices of oil derivatives in the local market are calculated based on international prices, with the addition of other costs such as shipment, handling and taxes.

All derivatives are subject to a JD0.006 stamp fee, in addition to other fixed fees related to transport, storage and insurance.