Revision as of 10:43, 4 December 2012 by
***** (***** | *****)Part of: GIZ International Fuel Price database
Also see: Jordan Energy Situation
Fuel Pricing Policies
| Local Currency:
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JOD
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| Exchange Rate:
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0.703
(2010/11/26)
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| Last Update:
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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 Prices and Trends
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Gasoline 95 Octane |
Diesel |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
No information available.
At a Glance
| Regulation-Price-Matrix
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Transparency of
Price Composition
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Transparency of Pricing
Mechanism / Monitoring
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No information available on the specification of the pricing formula applied.
Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
This is a living document. If you have any comments or suggestions, please feel free to contact us:
Armin.Wagner@giz.de
