Expert predicts Jordan fuel price rise
Reports indicate that the prices of petroleum derivatives in Jordan are expected to rise by between 5 and 6 percent next month, due to geopolitical tensions in the Gulf region and the Strait of Hormuz. This could lead to higher fuel costs for consumers, as well as for transportation and service sectors. The price of a liter of 90-octane gasoline is projected to increase by approximately 53-63 fils, while 95-octane gasoline could go up by 68-82 fils. Diesel and Kerosene are expected to rise by about 45-54 fils and 28-33 fils, respectively. The government remains capable of absorbing part of these increases to mitigate their impact on citizens, though the differences between the actual and monitored prices remain high, especially for Kerosene and Diesel derivatives. This underscores that the price hikes reflect the influence of geopolitical tensions on the global oil market.
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