Fuel derivative prices reduced, maintained for March

AMMAN — The government’s fuel pricing committee on Saturday decided to lower the prices of a number of fuel derivatives for March while maintaining the prices of other derivatives.

The price of one litre of unleaded 90-octane gasoline has gone down by JD0.03 from JD0.775 per litre in February to JD0.745 in March, according to a statement by the fuel pricing committee. 

The price-per-litre of unleaded 95-octane gasoline has been lowered in March by JD0.035 to become JD0.965, down from JD1 in February.

The price of diesel has been reduced by JD0.05 from JD0. 605 in February to JD0.555 in March, and the price of kerosene has dropped to JD0.555 instead of JD0.595 per litre.

The committee noted that the price-per-barrel of crude oil went down from $63.8 in January to $55.4 in February.

The panel, as usual, maintained the price of gas cylinders at JD7.

The decision to not raise the price of gas cylinders is attributed to the government’s attempts to help mitigate burdens on low-income citizens in light of the current economic situation.

Prices of oil derivatives in the local market are calculated based on international prices, plus other costs including shipping and taxes.

The Energy and Minerals Regulatory Commission (EMRC) on Saturday also decided to maintain the “differences in fuel prices” category on monthly electricity bills for March at 10 Fils per kilowatt-hour (kWh), according to an EMRC statement.

The “differences in fuel prices” category excludes households whose monthly consumption does not exceed 300kWh.