Government adopts gradual fuel price policy
The article discusses the measures taken by the Jordanian government to address the rising oil prices and global supplies resulting from regional tensions since the beginning of the year. The government has fixed the prices of petroleum derivatives and reduced the immediate reflection of price increases on local prices, thereby limiting the direct burden on citizens and economic sectors. It has also supported the industrial gas sector with a monthly amount of 1.6 million dinars to maintain competitiveness and reduce production costs, covering price differences estimated at around 224 million dinars so far, with expectations to reach half a billion dinars by the end of the month. Experts indicated that the gradual approach to managing price increases has helped stabilize prices and avoid price shocks, with the government continuing to provide support to mitigate the impact of rising energy costs on the national economy.
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