‘No change expected to fuel prices in November’

AMMAN – Fuel prices on the domestic market are expected to remain unchanged when the government issues its monthly pricing update for November, according to an informed source.

“The international prices of fuel derivatives are fluctuating very slightly, not exceeding 0.5 per cent,” Gas Stations Owners Association (GSOA)President Fahed Al Fayez said on Monday.

The “minor” rise in fuel prices, according to Fayez, is due to the approaching cold season, but he said it would not affect local prices for the coming month.

“As for December, I project a slight increase in prices, particularly gas,” Fayez told The Jordan Times, noting that the local demand for gas and diesel for heating purposes has already risen by 20 per cent in October.

Last month, the government reduced the price of one litre of unleaded 90-octane gasoline from JD0.560 to JD0.555 and one litre of unleaded 95-octane gasoline from JD0.725 to JD0.720. 

The drop of five fils was equivalent to a tarifa, a coin no longer in use, which triggered jokes on social media at the time.

The government also introduced a slight increase in prices of some fuel products last month.

The price of one litre of diesel and kerosene rose to JD0.410 from JD0.405.

The price of the 12-kilogramme gas cylinder, used for cooking and heating, fell to JD7 from JD7.25.

Prices of oil derivatives in the local market are calculated monthly based on international oil prices, taking into account additional costs such as shipment, handling and taxes.