Jordan hikes fuel prices

Ninth increase in two years as Amman phases out petrol and domestic fuel subsidies.

    Petrol prices were increased by between
    eight and nine per cent [File: AFP]

    Members of parliament and political parties, particularly the opposition Islamic Action Front (IAF), have argued against further fuel price rises saying would "constitute a real catastrophe".

    Food prices have also risen in recent months and the International Monetary Fund (IMF) projects inflation of nine per cent in 2008, up from 5.4 per cent last year.

    Jordan used to be fully dependent on neighbouring Iraq for its fuel supplies which Baghdad supplied at a preferential price.

    However, since the US-led invasion of 2003, Amman has had to buy its supplies at the market rate.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Daughters of al-Shabab

    Daughters of al-Shabab

    What draws Kenyan women to join al-Shabab and what challenges are they facing when they return to their communities?