Govt raises fuel prices again in August

[31-07-2013 05:31 PM]

Ammon News - AMMONNEWS – The Jordanian government announced on Wednesday a nearly 3.2 percent increase on fuel prices as of Thursday, August 1st, for a duration of one month.

In part of its monthly price of oil derivatives, the Ministry of Industry and Trade's pricing committee announced an 3.2 percent increase on the price of unleaded 90-octane gasoline, raising the price to JD 0.810 per liter, after it was raised in July to JD 0.785 from JD 0.765 in June. 

The price of unleaded 95-octane gasoline will also be raised from JD 0.95 in July to JD 0.980 per liter in August.

The prices of Diesel and Kerosene will go up 3.1 percent for the month of August, a raise from JD 0.645 to JD 0.665 per liter.

The price of the cooking gas cylinder is set to remain at JD 10, according to the Ministry's announcement. 

The government instated a new policy last November to float prices of oil derivatives based on price fluctuation in world markets, thereby lifting subsidies in a decision that led to a hike in prices of fuel and gas cylinders.

The new policy provoked major protests and riots throughout the kingdom following the November 14 decision to lift subsidies amid difficult economic conditions afflicting the country.

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