January sees hike in fuel prices

he government’s fuel pricing committee on Tuesday decided to raise the prices of unleaded 90 and 95 octane gasoline in January.

With the committee’s decision, the price of one litre of unleaded 90-octane gasoline will go up from JD0.775 in December to JD0.785 in January, according to an Energy Ministry statement.

The price per litre of unleaded 95-octane gasoline will increase to JD1.015 in January, compared with JD1.010 in December.

The price of diesel will increase to JD0.615 per litre in January compared with JD0.595 per litre in December, while price of kerosene will stay unchanged for January at JD0.595, as well as the price of gas cylinders, which will remain at JD7.

Prices of oil derivatives in the local market are calculated based on international prices, in addition to other costs, including shipping and taxes.

The decision to not raise the price of gas cylinders is attributed to the government’s attempts to help mitigate burdens on low-income citizens in light of the current economic situation.

The Energy and Minerals Regulatory Commission on Tuesday also decided to maintain

the “differences in fuel prices” category on monthly electricity bills for January at 10 fils per kilowatt-hour (kWh), according to a commission statement.

The “differences in fuel prices” category excludes households whose monthly consumption does not exceed 300kWh.

Related Articles