Prices of main fuels reduced for December

AMMAN — The government on Sunday lowered the prices of main oil derivatives by nearly 6 per cent for December. 

In pursuance of the decision, effective Monday, one litre of unleaded 90-octane gasoline will be sold at JD0.69, down from JD0.735, and one litre of 95-octane will be sold at JD0.835, down from JD0.895 in November. 

The prices of diesel and kerosene dropped slightly to JD0.545 from JD0.575, according to the Jordan News Agency, Petra, citing the decision taken by the government’s pricing committee. 

The subsidised price of gas cylinders used for cooking and heating remained unchanged at JD10 per cylinder.

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

A government pricing committee meets monthly to adjust prices in a manner that corresponds to changes in oil prices 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.