1 Day
Source:
وكالة الانباء الاردنية
Economists: Stabilizing Fuel Prices Benefits Economy
The article focused on the Jordanian government's decision to set fixed fuel prices for August, aiming to maintain stability in the local market, protect citizens, and support the economic sectors amid the volatility of global oil prices and regional political crises. Experts confirmed that this stabilization reduces the transmission of the impacts of rising international prices to the local market and enhances the stability of prices for goods and services. It also safeguards households from the costs of transportation and heating. The government bore financial burdens amounting to 212 million dinars to cover the gap between global prices and local costs, while continuing to support industrial gas. This decision seeks to support economic activity and create a favorable environment for financial planning, reducing pressures on families and productive sectors within a flexible and balanced fiscal policy.
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