Drop in int’l oil prices to be reflected locally — PM

Drop in int’l oil prices to be reflected locally — PM

AMMAN — Indicators show that international fuel prices are dropping this month, and consequently, oil derivatives in the local market will likewise decrease according to the monthly pricing scheme, which will be reviewed at the end of this month, Prime Minister Bisher Khasawneh said.

During a closed Lower House session on Tuesday to discuss the Kingdom's general condition following a strike of truck and public transport vehicle owners decrying fuel price hikes, Khasawneh acquainted the lawmakers with the government’s measures in response to the demands of workers in the shipping and public transport sectors.

The government has considered the living conditions of the citizens and the state of all sectors, he said, adding that all possible measures will be taken to alleviate citizens' burdens, according to the Jordan News Agency, Petra.

Government measures were taken to spare the public “a greater danger”, he said, highlighting that the government’s actions have succeeded in maintaining economic and monetary stability and controlling the inflation rate, noting that multiple countries in the region and the world are experiencing record breaking inflation pressures.

Jordan has succeeded in maintaining an inflation rate below 4 per cent, the lowest in comparison with the majority of countries in the region and worldwide.

Further,