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Tons of of individuals have taken to the streets of the Downtown space in Amman to protest in opposition to the hike in costs, particularly gas costs.
The Oil Derivatives Pricing Committee on the Ministry of Vitality and Mineral Assets held its month-to-month assembly on Could 31, 2022 to find out the native promoting costs of oil derivatives for the month of June.
From April to Could, costs have been raised by 35 fils.
Nonetheless, below the route of the federal government and in step with the coverage of gradual lifting of subsidies on the costs of oil derivatives, the Derivatives Pricing Committee determined to boost the costs of gasoline (octane 95) for the month of June by 60 fils/liter, to be able to implement the pricing mechanism permitted in accordance with the petroleum derivatives pricing equation.
On the finish of August 2022, the committee additionally determined to boost the costs of gasoline (90 octane), diesel and kerosene subsequent June by 35 fils/liter, to be able to implement the permitted pricing mechanism in keeping with the petroleum derivatives pricing equation by the tip of 2022.
Thus, the promoting value of gasoline (octane 90) in June turns into 920 fils/liter as an alternative of 885 fils/liter, and the value of gasoline (octane 95) turns into 1180 fils/liter as an alternative of 1120 fils/liter, and the value of diesel and kerosene turns into 685 fils/liter As a substitute of 650 fils/liter.
It’s noteworthy that the typical value of Brent crude rose to 112.70 {dollars} per barrel within the present month of Could, in comparison with 104.4 {dollars} per barrel recorded in April.
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