23 Hrs
Source:
خبرني
Jordan likely to maintain stable oil prices next month
Experts expect the Jordanian government to maintain the prices of petroleum derivatives during September, especially various types of gasoline, with a possibility of a limited increase in diesel prices due to rising global prices since the beginning of the month. The government justified the decision to hold prices steady by stating that local prices are already at historic highs and can accommodate some of the cost differences resulting from global price increases. International conditions also indicate a severe shortage of diesel, caused by the disruption of Russian refineries and the markets being deprived of about 5 million barrels from the Arabian Gulf, which has intensified the shortfall. Additionally, the government anticipates bearing part of the global price increases in the upcoming month while maintaining price stability to achieve economic balance and shield markets from the impact of these increases on other sectors.
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