Government: Remarkable drop in international oil derivatives prices

Economy

Published: 2020-02-10 12:52

Last Updated: 2020-02-10 13:34


Government: Remarkable drop in international oil derivatives prices
Government: Remarkable drop in international oil derivatives prices
Roya News Source

Prices of international oil derivatives and Brent crude have remarkably dropped during the first week of February, compared to January.

According to data released today by the Ministry of Energy and Mineral Resources, price of 90-octane gasoline declined by 9.9%, from JD 417.39 ($588.7) to JD 376.12 ($530.5) per ton, while the price of 95-octane gasoline went down from JD 432.92 ($610.6) per ton to JD 388.82 ($548.4), a decrease of 10.2 %.

Heavy fuel oil price also fell by 12.7 %, going from JD 226.67 ($319.7) per ton to JD197.95 ($279.2), while the prices of kerosene slightly dropped by 13.2%, from JD 426.39 ($601.4) to JD 364.64 ($514.3).

However, the prices of liquefied petroleum gas (LPG) have decreased by 8.4% from JD 253.609 ($357.7) to JD 379.31 ($535), compared to January when it was JD413.91 ($583.8).

In the first week of this month, benchmark Brent crude prices went down to JD 38.29 ($54), compared to the same period last month.