Ammon News - AMMONNEWS - The government's fuel pricing committee on Sunday decided to reduce the price of kerosene by JD0.030 and increase the price of unleaded 90-octane gasoline to JD0.730 per litre, up from JD0.720.

The committee decided that unleaded 95-octane gasoline will be sold at JD0.955 per litre, up from JD0.945 and diesel to be sold at JD0.550 up from JD0.450 during January.

The committee noted that the price of gas cylinders will remain unchanged at JD7, despite a real-term increase to JD9.25.

Prices of oil derivatives in the local market are calculated based on international prices, with the addition of other costs such as shipment, handling and taxes.

The committee said that it referred to international oil prices, which showed that the cost of a barrel of crude Brent oil went up to $64.19 in December compared to $62.59 in November, Petra reported.

All derivatives are subject to a JD0.006 stamp fee, in addition to other fixed fees related to transport, storage and insurance.