Purported plan for fuel price ceiling draws mixed reactions

Purported plan for fuel price ceiling draws mixed reactions

AMMAN — The government's reported intention to introduce a price ceiling policy into the pricing strategy of fuel derivatives has generated a range of opinions among experts. 

The government regulates fuel prices through the Ministry of Energy and Mineral Resources and the Energy and Minerals Regulatory Commission (EMRC) 

Under the existing system, the Ministry of Energy and Mineral Resources determines fixed prices for fuel derivatives on a monthly basis, using a predefined pricing formula. Experts said that by October 2023, the ministry intends to modify the pricing formula and introduce a price ceiling strategy.