Fuel prices to drop in September

AMMAN — The government on Sunday lowered the prices of main oil derivatives for September. 

Under the decision taken by the government’s pricing committee, effective as of Monday, one litre of unleaded 90-octane gasoline will be sold at JD0.800, down from JD0.850, while one litre of 95-octane will now cost 0.97, down from JD1.035 during August. 

The prices of diesel and kerosene saw a slight drop, falling from JD0.660 in August to JD0.650 in the new month, according to the Jordan News Agency, Petra. 

 The price of gas cylinders used for cooking will remain unchanged at JD10 per cylinder. 

Fuel prices, except those of gas cylinders, are no longer subsidised by the government, which lifted oil subsidies in November 2012.

A government pricing committee meets monthly to adjust prices in a manner that corresponds to changes on the international market.
The committee — comprising representatives of the ministries of energy and finance, and the Jordan Petroleum Refinery Company — calculates updates based on average international prices during the preceding 30 days as well as other costs such as freight and handling, and announces a new price list every month.