Jordan Adjusts Fuel Prices for April Amid Rising Global Costs
The committee decided to raise the prices of several fuel types while keeping kerosene and domestic gas cylinders at current rates, as stated by the Energy Ministry. The review noted significant and sustained increases in global oil prices during March, largely driven by regional developments.
In line with government policy, which aims to gradually pass on global price increases to limit the burden on citizens and economic sectors, the new rates only partially reflect the actual rise in international costs. Authorities will continue to cover a portion of the price difference until global markets stabilize, having already absorbed approximately JD150 million in direct energy and electricity expenses during the first month of the regional crisis.
Under the revised pricing, the 12.5kg domestic gas cylinder will remain at JD7 despite surging global liquefied petroleum gas prices, with a government subsidy of JD2.4 per cylinder. Kerosene will also remain unchanged at 550 fils per litre.
Other fuel products were adjusted as follows: 90-octane petrol increased to 910 fils per litre from 820 fils, 95-octane petrol rose to 1,200 fils from 1,050 fils, and diesel climbed to 720 fils from 655 fils per litre.
The committee emphasized that the price adjustments will not affect government tax revenues, as they only partially reflect global market hikes. Subsidies on diesel and kerosene still exceed the taxes applied to these fuels.
Estimated actual costs for April are 1,165 fils per litre for 90-octane petrol, 1,325 fils for 95-octane, 1,120 fils for diesel, and 1,135 fils for kerosene. The government has implemented only a partial pass-through of these increases: 37 percent for 90-octane petrol, 55 percent for 95-octane petrol, and roughly 14 percent for diesel, while fully covering the rise in kerosene prices.
The committee explained that the adjustments aim to strike a balance between actual costs and local retail prices, consistent with ongoing efforts to shield citizens from the volatility of global energy markets.
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