Oil analyst predicts 3-5% fuel price rise
The article discusses expectations of a 3 to 5% increase in fuel prices in Jordan during October, due to pressures on global oil markets and import costs. Experts indicate that the price of a barrel of oil ranges between $95 and $105, with the possibility of exceeding $130 if conflicts escalate, while it could drop to $80-85 if tensions subside. Jordan possesses oil reserves sufficient for 50 to 70 days and has plans to increase natural gas production to enhance self-sufficiency. Despite global challenges affecting costs, fuel prices in Jordan remain reasonable compared to other countries. The kingdom is awaiting decisions from the relevant pricing committee, which set prices in September despite rising global prices.
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