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Jordan hikes fuel prices for 10th time in 2 years

July 10, 2008, 05:06 PM Post Comments
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Jordan has hiked fuel prices for the tenth time in two years to cover its swelling energy costs.

The rise comes as the oil-barren Mideast kingdom struggles with soaring international oil and food prices.

Thursday's hike is the sixth this year. It brings the price of one liter of unleaded gasoline up about 5 US cents, from 0.805 Jordanian dinars, or about US$1.13, to JD 0.840, or about US$1.18.

Heating fuel and kerosene for household use jumped 9.2 percent to JD 0.770, or about US$1.08 per liter. The price of cooking gas remains unchanged.

The last time Jordan hiked fuel prices was on June 10. It saw the steepest rise last February, with a 111 percent price increase for several fuel products.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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