AMMAN — The Fuel Pricing Committee on Tuesday announced new prices for petroleum derivatives for April 1–30, following its monthly review of global oil markets.

The committee decided to raise the prices of several fuel products, while maintaining current rates for kerosene and domestic gas cylinders, according to an Energy Ministry statement.

The committee reviewed international oil prices for March compared with February, noting significant and sustained increases driven by regional developments

In line with the government’s policy of gradually reflecting global price hikes to limit the impact on citizens and economic sectors, the committee said the new prices only partially reflect the actual rise in international costs.

The government would continue to absorb part of the cost differences until global prices stabilise, noting it has already incurred around JD150 million in direct energy and electricity costs during the first month of the regional crisis.

Under the new pricing, the 12.5kg domestic gas cylinder will remain unchanged at JD7, despite rising global liquefied petroleum gas prices, with the government providing a subsidy of JD2.4 per cylinder. The price of kerosene will also remain fixed at 550 fils per litre.

Other fuel prices were adjusted as follows: 90-octane petrol increased to 910 fils per litre from 820 fils, 95-octane petrol rose to 1,200 fils per litre from 1,050 fils, and diesel climbed to 720 fils per litre from 655 fils.

The committee stressed that the increases will not affect government tax revenues, as they only partially reflect global price rises, noting that subsidies on diesel and kerosene currently exceed the taxes imposed on them.

Actual costs for April were estimated at 1,165 fils per litre for 90-octane petrol, 1,325 fils for 95-octane petrol, 1,120 fils for diesel, and 1,135 fils for kerosene.

According to the committee, the government reflected only 37 per cent of the actual increase for 90-octane petrol, 55 per cent for 95-octane petrol, and around 14 per cent for diesel, while fully absorbing the rise in kerosene prices.

The decision, the committee said, aims to balance actual costs with local retail prices in line with government efforts to cushion the impact of global market volatility.

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