Fuel prices remain unchanged in February: Energy Ministry

Jordan

Published: 2018-01-31 17:05

Last Updated: 2018-01-31 20:27


The Fuel Pricing Committee conducts monthly meetings to decide fuel prices.
The Fuel Pricing Committee conducts monthly meetings to decide fuel prices.
Roya News Source

The Fuel Pricing Committee in the Jordanian Ministry of Energy and Mineral Resources will not meet on Wednesday to review fuel prices for February as expected, Petra News Agency reported.

Aman Al Azzam, the Secretary General of the Ministry said that fuel prices will remain the same as January until the committee meets and decides otherwise.

The committee conducts monthly meetings to adjust fuel prices to correspond with changes in oil prices according to the international market.

The Jordanian Cabinet announced the main features of the economic measures for the year 2018 earlier this month, under what it called “structural reforms of the tax system’, which aims at achieving stability for economic growth.

New taxes were imposed on different types of fuel, including special tax on gasoline octane 95 and 98 up to 30%.

Additionally, the resolutions included imposing higher taxes on cars, fizzy drinks, cigarettes and different types of fuel, as well as reducing vehicle-ownership transfer fees.