Business | Oil & Gas
Jordan hikes fuel prices again
Jordan has raised fuel prices for the eighth time in two years as part of a state plan to phase out subsidies as rising oil prices drive up the country's energy costs.
- AP
- Published: 12:55 May 12, 2008
Amman: Jordan has raised fuel prices for the eighth time in two years as part of a state plan to phase out subsidies as rising oil prices drive up the country's energy costs.
The hike went into effect on Monday.
The government said it raised the price of unleaded gasoline by 5.7 per cent to 0.740 Jordanian Dinars (US$1.03; €0.66) per litre.
Heating fuel and kerosene for household use jumped by 5 per cent to JD 0.630 (US$0.88; €0.57) per litre, while the price of cooking gas remained unchanged.
The last hike in fuel prices was on April 10. In February, the oil-barren Arab kingdom slapped the steepest rise of 111 percent on several fuel products, drawing sharp criticism from opposition groups.
Business Editor's choice
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
-
Banks can increase their share
Longer opening hours, more locations outside cities and lower charges can help
-
Geepas idea blossomed in Dubai
The journey led from a small shop in Bahrain to a $1.27b company in the UAE
