Fuel prices kept almost unchanged

Home Business Fuel prices kept almost unchanged 01-12-2013 12:41 AM Ammon News - AMMONNEWS -The government on Saturday decided to keep the prices of 90-octane and 95-octane gasoline unchanged for December, while slightly lowering the prices of diesel and kerosene. According to the Jordan News Agency, Petra, a litre of unleaded 90-ocatne gasoline will continue to be sold at JD0.810 and a litre of 95-octane at JD0.980. Prices of diesel and kerosene went down by less than 1 per cent, from JD0.675 to JD0.670 a litre. The new prices will go into effect as of midnight Saturday until December 31. The new prices contradicted the expectations of an oil expert. In remarks to The Jordan Times last week, President of the Gas Station Owners Association Fahed Al Fayez predicted the prices of oil derivatives in the domestic market would by 2.5 per cent, as the global average price of Brent crude was around $106 until November 24, down from its average price in the previous month, which reached $109.3. Fuel prices in the domestic market have become linked to those on the global market after authorities removed fuel subsidy on November 14, 2012. Brent crude is the international benchmark used to price oil derivatives in Jordan and many other countries. gordan times

Home Business

Fuel prices kept almost unchanged

01-12-2013 12:41 AM

Ammon News - AMMONNEWS -The government on Saturday decided to keep the prices of 90-octane and 95-octane gasoline unchanged for December, while slightly lowering the prices of diesel and kerosene.

According to the Jordan News Agency, Petra, a litre of unleaded 90-ocatne gasoline will continue to be sold at JD0.810 and a litre of 95-octane at JD0.980.

Prices of diesel and kerosene went down by less than 1 per cent, from JD0.675 to JD0.670 a litre.

The new prices will go into effect as of midnight Saturday until December 31.

The new prices contradicted the expectations of an oil expert.

In remarks to The Jordan Times last week, President of the Gas Station Owners Association Fahed Al Fayez predicted the prices of oil derivatives in the domestic market would by 2.5 per cent, as the global average price of Brent crude was around $106 until November 24, down from its average price in the previous month, which reached $109.3.

Fuel prices in the domestic market have become linked to those on the global market after authorities removed fuel subsidy on November 14, 2012.

Brent crude is the international benchmark used to price oil derivatives in Jordan and many other countries.
gordan times

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