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Oil derivative prices have seen a significant increase in global markets during the first week of April 2023, reflecting ongoing tensions in the energy market. This rise comes at a sensitive time for economies heavily reliant on oil.
The Jordanian Oil Refinery announced that there is no shortage of domestic gas, stating that the current stock of petroleum derivatives is sufficient to meet local market needs for two months.
The Jordanian Oil Derivatives Pricing Committee announced a fuel price increase effective April 1, with a rise of up to 15%. This decision comes amid changing global economic conditions.
The Syrian Petroleum Company has announced a decision allowing fuel station owners to pay for petroleum derivatives in Syrian pounds. This move aims to stabilize the fuel market and alleviate financial burdens on the stations amid ongoing economic challenges in the country.