King orders suspension of the decision to amend fuel and electricity prices

Amman, Upon directives from His Majesty King Abdullah II, Prime Minister Hani Mulki instructed Ministers of Industry and Trade, , Finance, Energy and Mineral Resources, and Chairman of the Energy and Mineral Resources Regulatory Authority to hold a meeting of the government’s fuel pricing committee to halt its decision to amend prices of fuel and electricity for the current month of June, which costs the Treasury JD16 million.

The Prime Minister said in a letter to the ministers that, under the directives of His Majesty , the decision of the fuel pricing committee will be suspended taking into consideration the economic conditions in the month of Ramadan, despite the sharp rise in oil prices globally after the average price per barrel hit $ 77 in May.

The government’s fuel pricing committee issues its decision monthly since 2008 and includes in its membership representatives of the Ministries of Industry, Trade, Finance, Energy and Mineral Resources, the National Electricity Company, and Chairman of the Energy Committee at the Lower House of Parliament as an observer.

Source: Jordan News Agency