February fuel prices witness drop

AMMAN — The government’s fuel pricing committee on Friday decided to lower the prices of some fuel derivatives for February and maintain the prices of other derivatives.

According to the committee’s decision, the price of one litre of unleaded 90-octane gasoline will go down from JD0.785 per litre in January to JD0.775 in February, the Jordan News Agency, Petra, reported.

The price-per-litre of unleaded 95-octane gasoline will see a drop in February by JD0.015 to JD1, down from JD1.015 in January.

The price of diesel will be reduced from JD0.615 to JD0.605 in February, while the committee maintained the price of kerosene at JD0.595 per litre.

Regarding the new prices, the committee said that the price per barrel of crude oil went down to $63.8 in January, from $67 in December.

The panel also maintained the price of gas cylinders at JD7.

The decision to not raise the price of gas cylinders is attributed to the government’s attempts to help mitigate burdens on low-income citizens in light of the current economic situation.

Prices of oil derivatives in the local market are calculated based on international prices, plus other costs including shipping and taxes.

The Energy and Minerals Regulatory Commission on Friday also decided to maintain the “differences in fuel prices” category on monthly electricity bills for February at 10 Fils per kilowatt-hour (kWh), according to Petra.

The “differences in fuel prices” category excludes households whose monthly consumption does not exceed 300kWh.