Jordan raises fuel prices, keeps kerosene and LPG steady for April

• The Fuel Pricing Committee reviewed March fuel prices and compared them with February, noting significant global increases driven by regional developments.
• In line with government policy, local price adjustments for April only partially reflect international price hikes, aiming to reduce direct impact on citizens and economic sectors.
• The government will gradually compensate for the difference between local and global costs until prices stabilize.

The Fuel Pricing Committee held its regular meeting on Tuesday, reviewing domestic fuel prices for March and comparing them with February levels.

The committee reported notable and continuing increases in global fuel prices, largely driven by regional developments.

Following the government’s policy of gradually reflecting global price increases in local fuel costs, the committee announced adjustments for April that do not fully pass on international price surges to consumers.

The government emphasized that this approach aims to limit the direct impact on citizens and economic sectors.

“The local fuel price adjustments for April do not reflect the actual global costs,” the committee said, noting that differences will be gradually compensated as global prices stabilize. During the first month of the regional crisis, the government has absorbed approximately 150 million Jordanian dinars in direct energy and electricity costs.

Under the new pricing framework:

• The price of a 12.5 kg household LPG cylinder remains fixed at 7 dinars, supported by an additional 2.4 dinars per cylinder despite rising global LPG prices.
• Kerosene prices are maintained at 550 fils per liter, unchanged from previous rates.
• Other fuel prices are adjusted as follows: Octane 90 gasoline rises to 910 fils per liter (from 820 fils), Octane 95 gasoline to 1,200 fils per liter (from 1,050 fils), and diesel to 720 fils per liter (from 655 fils).

The committee clarified that these increases do not affect government tax revenues but merely reflect a portion of the global price rise. Support provided by the government on diesel and kerosene exceeds the taxes collected on these products.

The committee also provided details on the actual costs of fuel in April: 1,165 fils per liter for Octane 90 gasoline, 1,325 fils for Octane 95, 1,120 fils for diesel, and 1,135 fils for kerosene. The government absorbed a portion of the price increases, covering approximately 63% of the rise for Octane 90, 45% for Octane 95, and 86% for diesel, while kerosene price increases were fully absorbed.

“This decision balances actual costs with local fuel prices and aligns with government policies aimed at mitigating the effects of global price fluctuations,” the committee said.