Oil Expert: Fuel Price Stability Shifts Costs to Governments
Oil experts have confirmed that the Jordanian government's decision to keep fuel prices for August at July levels reflects its willingness to bear part of the burden of rising global prices in order to ease living costs for citizens and economic sectors. This frozen pricing comes despite an increase in average global prices, particularly for diesel and kerosene, due to ongoing geopolitical tensions in the region and their impacts on energy markets. So far, the government has spent around 212 million Jordanian dinars covering price differences and gas cylinder subsidies. The Pricing Committee maintained fixed prices for gasoline, diesel, and kerosene despite changes in international markets, aiming to minimize the impact of price fluctuations on consumers. It emphasized that a gradual approach to reflecting price hikes has helped protect the economy and consumers from sharp volatility.
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