VOL. XXXVI

NO. 37

14-JUNE-1993

JORDAN

Jordan Raises Oil Product Prices

Shortly after its appointment, the new government in Jordan decided toincrease the retail prices of a number of oil products as from 9 June so as toconform to an International Monetary Fund (IMF) directive which aims at therestructuring of the country's economy. The price hikes, which would reducegovernment subsidies on retail oil product prices by an estimated JD14.5mn($21mn) annually, are the first to be introduced since...