Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

Jordan

Jordan Hikes Petroleum Product Prices

The Jordanian cabinet on 8 July announced the raising of petroleum products prices (effective 9 July) as a first step of a three-stage plan to reduce subsidies on oil products and liberalize the energy sector by 2008. The price rises, the first since April 2004 (MEES, 12 April 2004) are steep and will see regular gasoline increase by 10.6% to JD0.365/liter (JD1 = $1.41), premium gasoline by...