Government likely to increase fuel prices in August

Jordan

Published: 2019-07-29 13:30

Last Updated: 2019-07-29 13:40


Government likely to increase fuel prices in August
Government likely to increase fuel prices in August
Roya News Source

Jordanian expert on energy and fuel, Fahed Al Fayez expected the government to raise fuel prices in next August after they increased globally.

"I expect that all types of fuel will increase by a percentage of not less than 1 % and not more than 1.5 %," Fayez said in a statement on Monday, July 29, 2019.

The government had earlier announced an increase in international oil derivatives and Brent crude prices during the second week of July, compared to the first week of the same month.

During mid-July, the prices of 95-octane gasoline increased by 5.1% per tonne, while the prices of 90-octane gasoline increased by 4.2% per tonne.

Globally, fuel prices dropped on Monday as investors worried about prospects for global economic growth, Reuters reported.

Prices of Brent crude futures dropped by 0.6 %, to $ 63.09 a barrel, while fuel prices rose by 1.6% last week.