Economic researcher and energy specialist Amer Al-Shobaki said that the Fuel Pricing Committee is holding its meeting today under exceptional circumstances, following significant previous increases in fuel prices over recent months. He noted that the decision-making process has become closer to a political decision than a purely economic calculation.

In remarks to Radio Al-Balad, Al-Shobaki explained that gasoline and diesel prices have recorded notable increases recently, with 90-octane gasoline rising by around 20 percent, 95-octane gasoline by about 25 percent, and diesel by approximately 20 percent. He described these increases as “significant and unprecedented at the local level.”

He added that current fuel price levels, particularly 90-octane gasoline, are the highest in Jordan’s history, warning that any additional increase at this stage would be difficult for citizens to absorb and could negatively affect purchasing power and overall economic activity.

Al-Shobaki cautioned that continued price hikes could lead to broader economic impacts, including a slowdown in economic activity, reduced consumption, and even effects on government revenues. He also pointed out that the local economy is already under growing pressure due to weak purchasing power and a slow recovery phase.

Regarding price forecasts, he stressed that there are no precise data or official indicators to rely on, describing circulating figures as mere speculation.

He confirmed that no final decision on pricing has yet been made, suggesting two possible outcomes: either price stabilization or a limited increase if conditions require it. However, he described any further increase as an “economic gamble” with potentially wide-ranging consequences.

He also highlighted that recent economic indicators, including weaker market activity during the latest holiday period compared to previous years, reflect declining purchasing power among citizens, calling for caution in any fuel pricing decisions.

Al-Shobaki concluded that the current phase requires a careful balance between public finance needs and citizens’ living conditions, warning that any imbalance could negatively affect overall economic stability.