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...
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