Identifier
Created
Classification
Origin
08AMMAN1754
2008-06-12 09:24:00
UNCLASSIFIED
Embassy Amman
Cable title:
Fourth Consecutive Increase In Jordan's Fuel Prices Since
how-toVZCZCXYZ0000 RR RUEHWEB DE RUEHAM #1754 1640924 ZNR UUUUU ZZH R 120924Z JUN 08 FM AMEMBASSY AMMAN TO RUEHC/SECSTATE WASHDC 2863 INFO RUEHGB/AMEMBASSY BAGHDAD 6008 RUEHLB/AMEMBASSY BEIRUT 2865 RUEHEG/AMEMBASSY CAIRO 3690 RUEHDM/AMEMBASSY DAMASCUS 3905 RUEHKU/AMEMBASSY KUWAIT 0899 RUEHRH/AMEMBASSY RIYADH 1969 RUEHTV/AMEMBASSY TEL AVIV 1218 RUEHJM/AMCONSUL JERUSALEM 5056 RUCPDOC/DEPT OF COMMERCE WASHDC RHEBAAA/DEPT OF ENERGY WASHDC RUEATRS/DEPT OF TREASURY WASHDC
UNCLAS AMMAN 001754
SIPDIS
STATE FOR EEB AND NEA/ELA
E.O. 12958: N/A
TAGS: ENRG EPET ECON JO
SUBJECT: Fourth Consecutive Increase In Jordan's Fuel Prices Since
Liberalization
REFS: A) Amman 785
B) Amman 628
UNCLAS AMMAN 001754
SIPDIS
STATE FOR EEB AND NEA/ELA
E.O. 12958: N/A
TAGS: ENRG EPET ECON JO
SUBJECT: Fourth Consecutive Increase In Jordan's Fuel Prices Since
Liberalization
REFS: A) Amman 785
B) Amman 628
1. The Government of Jordan (GOJ) announced on June 9 new prices of
petroleum products, which rose by four to 13.5% over last month
depending on the product. This represents the fourth increase since
the GOJ liberalized fuel prices in February 2008. An interagency
committee determines prices based on average international market
prices during the preceding 30 days and other costs, such as freight
and handling (reftels). The GOJ has decided to maintain for an
indefinite period the subsidized price of liquefied petroleum gas
(LPG). The LPG subsidy has now cost the GOJ JD 85 million (USD 120
million) in 2008, and the Finance Ministry is preparing a
supplemental request to address budget shortfalls (septel). The GOJ
had planned to lift the LPG subsidy in April, following an
unseasonably cold winter, but opted to offset price increases in
fuel and basic commodities by maintaining the subsidy.
2. Current retail prices of petroleum products in Jordan follow:
New Price
Item (as of June 9, 2008)
-------------- --------------
Premium gasoline, 805 fils/liter
Unleaded (95 Octane) ($4.30/gallon)
Regular gasoline, 705 fils/liter
Unleaded (90 Octane) ($3.77/gallon)
Kerosene 705 fils/liter
($3.77/gallon)
Diesel 705 fils/liter
($3.77/gallon)
Heavy fuel oil (industry) 425 JD/ton
($600.28/ton)
Fuel oil for electricity 425 JD/ton
($600.28/ton)
Fuel oil for ships 450 JD/ton
($635.60/ton)
Jet fuel-local companies 765 fils/liter
($4.09/gallon)
Jet fuel-foreign companies 770 fils/liter
($4.12/gallon)
Jet fuel-charter flights 785 fils/liter
($4.20/gallon)
Asphalt 476.7 JD/ton
($673.31/ton)
LPG (12.5 Kg) 6.5 JD/cylinder
($9.18/cylinder)
Visit Amman's Classified Website at:
http://www.state.gov.sgov.gov/p/nea/amman/
Hale
SIPDIS
STATE FOR EEB AND NEA/ELA
E.O. 12958: N/A
TAGS: ENRG EPET ECON JO
SUBJECT: Fourth Consecutive Increase In Jordan's Fuel Prices Since
Liberalization
REFS: A) Amman 785
B) Amman 628
1. The Government of Jordan (GOJ) announced on June 9 new prices of
petroleum products, which rose by four to 13.5% over last month
depending on the product. This represents the fourth increase since
the GOJ liberalized fuel prices in February 2008. An interagency
committee determines prices based on average international market
prices during the preceding 30 days and other costs, such as freight
and handling (reftels). The GOJ has decided to maintain for an
indefinite period the subsidized price of liquefied petroleum gas
(LPG). The LPG subsidy has now cost the GOJ JD 85 million (USD 120
million) in 2008, and the Finance Ministry is preparing a
supplemental request to address budget shortfalls (septel). The GOJ
had planned to lift the LPG subsidy in April, following an
unseasonably cold winter, but opted to offset price increases in
fuel and basic commodities by maintaining the subsidy.
2. Current retail prices of petroleum products in Jordan follow:
New Price
Item (as of June 9, 2008)
-------------- --------------
Premium gasoline, 805 fils/liter
Unleaded (95 Octane) ($4.30/gallon)
Regular gasoline, 705 fils/liter
Unleaded (90 Octane) ($3.77/gallon)
Kerosene 705 fils/liter
($3.77/gallon)
Diesel 705 fils/liter
($3.77/gallon)
Heavy fuel oil (industry) 425 JD/ton
($600.28/ton)
Fuel oil for electricity 425 JD/ton
($600.28/ton)
Fuel oil for ships 450 JD/ton
($635.60/ton)
Jet fuel-local companies 765 fils/liter
($4.09/gallon)
Jet fuel-foreign companies 770 fils/liter
($4.12/gallon)
Jet fuel-charter flights 785 fils/liter
($4.20/gallon)
Asphalt 476.7 JD/ton
($673.31/ton)
LPG (12.5 Kg) 6.5 JD/cylinder
($9.18/cylinder)
Visit Amman's Classified Website at:
http://www.state.gov.sgov.gov/p/nea/amman/
Hale