Fuel Prices Jordan - Revision history

Ranisha at 13:35, 12 March 2015

2015-03-12T13:35:01Z

Ranisha at 13:10, 23 September 2014

2014-09-23T13:10:26Z

Armin Wagner at 15:52, 25 March 2013

2013-03-25T15:52:12Z

Armin Wagner at 15:58, 18 February 2013

2013-02-18T15:58:13Z

Tai Becker: Protected "Fuel Prices Jordan" ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

2012-12-04T10:43:07Z

Protected "Fuel Prices Jordan" ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

Ingmar Schlecht: 1 revision

2012-12-02T17:34:40Z

1 revision

Ingmar Schlecht: Text replace - "Fuel Price Exchanre Rate Date" to "Fuel Price Exchange Rate Date"

2012-11-14T16:45:24Z

Text replace - "Fuel Price Exchanre Rate Date" to "Fuel Price Exchange Rate Date"

New page

{{Fuel Price Factsheet
|Fuel Price Country=Jordan
|Fuel Currency=JOD
|Fuel Price Exchange Rate=0.703
|Fuel Price Exchange Rate Date=2010/11/26
|Fuel Price Last Updated=
|Fuel Price Composition Date=
|Fuel Price Composition Annotation=No information available.
|Fuel Pricing Policies=For a long time Jordan depended on oil supplied from Iraq at preferential prices. After the Iraq war Jordan started reforming its pricing mechanism in 2005 which culminated in the elimination of subsidies on most petroleum products in 2008.
A system of monthly price changes has been adopted since 8.2.2008. A committee formed of representatives of the finance, energy and trade ministry as well as the Jordanian Petroleum Refinery Company adjusts the prices based on a formula that follows the changes in the price of Brent crude oil during the previous 30 days. The new prices are announced via the news agency petra and are published on the website of the Ministry of Energy. The applied formula is not public and unclear.

Leaked US State Department cables show that oil-rich Gulf countries sometimes provided Jordan with oil at preferential rates, particularly after the fall of Sadam Hussein.
|Fuel Matrix Price Level=3
|Fuel Matrix Pricing Mechanism=2
|Fuel Matrix Annotation=No information available on the specification of the pricing formula applied.
|Fuel Transparency Price Composition=1
|Fuel Transparency Pricing Mechanism=2
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Pump prices and margins
|Fuel Price Factsheet Source Link=http://www.memr.gov.jo/Default.aspx
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Other Information
|Fuel Price Factsheet Source Link=http://204.180.229.21/external/pubs/ft/wp/2006/wp06247.pdf
}}

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	\|Fuel Price Factsheet Source Link=http://204.180.229.21/external/pubs/ft/wp/2006/wp06247.pdf		\|Fuel Price Factsheet Source Link=http://204.180.229.21/external/pubs/ft/wp/2006/wp06247.pdf
	}}		}}
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		+	[[Category:Jordan]]

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 {{Fuel Price Factsheet
 |Fuel Price Country=Jordan
-|Fuel Pricing Policies=For a long time Jordan depended on oil supplied from Iraq at preferential prices. After the Iraq war Jordan started reforming its pricing mechanism in 2005 which culminated in the elimination of subsidies on most petroleum products in 2008.
+|Fuel Pricing Policies="Pricing policy: Government controls fuel prices. Government removed subsidies from all fuels except LPG in Feb 2008 and adopted a monthly price adjustment mechanism, but stopped adjusting prices (of gasoline, diesel, and kerosene) in Jan 2011. Gasoline, kerosene, and diesel prices were raised in Dec 2010, but lowered in Jan 2011 in response to the events in Tunisia and elsewhere in the region. An expert panel formed by the prime minister in May 2011 recommended smart cards for subsidized goods instead of price subsidies. The kerosene and diesel prices remained unchanged, except for a brief rise in Sep 2012. Until Nov 2012, the price of LPG sold in 12.5-kg cylinders had remained frozen for years, except for four weeks in early 2009 when the price was lowered slightly. In May 2012, Jordan raised the price of 95 RON gasoline to JD 1 (US$1.41)/liter from JD 0.795 (US$1.12), and substantially raised electricity tariffs for major industrial and service sectors. In Nov 2012, unable to shoulder the growing budget deficit, government increased the price of LPG in 12.5-kg cylinders by 54% and kerosene and diesel prices by 33%. Government began making monthly adjustments in Dec 2012 for all fuels except LPG. The price of diesel for non-power users and average monthly benchmark FOB price relevant to Jordan since 2008 are shown below. For a period of time, the retail price was lower than the FOB price, signaling a large subsidy.
-A system of monthly price changes has been adopted since 8.2.2008. A committee formed of representatives of the finance, energy and trade ministry as well as the Jordanian Petroleum Refinery Company adjusts the prices based on a formula that follows the changes in the price of Brent crude oil during the previous 30 days. The new prices are announced via the news agency petra and are published on the website of the Ministry of Energy. The applied formula is not public and unclear.
-Leaked US State Department cables show that oil-rich Gulf countries sometimes provided Jordan with oil at preferential rates, particularly after the fall of Sadam Hussein.
+Protests: The prices of 90 RON gasoline and diesel were increased in Sep 2012 but reversed within two days following street protests. The price increases in Nov 2012 were met with nation-wide protests, turning violent in some areas, killing one person, injuring 71, and quickly escalating into calls for a change of government. Government, however, did not roll back price increases. Consequences of subsidies: The fuel subsidies since 2005 have fluctuated.
 (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)