Jordan set to reduce prices of fuel derivatives

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Home Business Jordan set to reduce prices of fuel derivatives 01-02-2014 01:50 PM Ammon News - Jordan's government announced Friday a plan to reduce the prices of certain fuel derivatives by 1 to 2 percent, the state-run Petra news agency reported. The prices of gasoline octane-90 and gasoline octane-95 will by about 1 percent, while the price of kerosene will decline by around 2 percent. The price of gas cylinder will remain unchanged, the report said, citing the ministry of trade and industry. The ministry said the new prices will go into effect on Feb. 1 and will last for one month. In 2012, the Jordanian government ended subsidies on fuel derivatives, triggering nationwide protests that led to the injuring and arrest of hundreds of people. Jordan, with 96 percent of energy needs depend on imports, was affected by repeated cuts in natural gas supplies from Egypt and has to import more expensive heavy fuels for power generation. *Agencies

Home Business

Jordan set to reduce prices of fuel derivatives

01-02-2014 01:50 PM

Ammon News - Jordan's government announced Friday a plan to reduce the prices of certain fuel derivatives by 1 to 2 percent, the state-run Petra news agency reported.

The prices of gasoline octane-90 and gasoline octane-95 will by about 1 percent, while the price of kerosene will decline by around 2 percent.

The price of gas cylinder will remain unchanged, the report said, citing the ministry of trade and industry. The ministry said the new prices will go into effect on Feb. 1 and will last for one month.

In 2012, the Jordanian government ended subsidies on fuel derivatives, triggering nationwide protests that led to the injuring and arrest of hundreds of people.

Jordan, with 96 percent of energy needs depend on imports, was affected by repeated cuts in natural gas supplies from Egypt and has to import more expensive heavy fuels for power generation.

*Agencies

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