Import Energy Bill Declines 22%

Commercial Balance (Import-to-Export Rate) Gap Rises 13%

تم نشره في Thu 19 May / May 2016. 12:37 AM
  • Tankers Transporting Crude Oil from Aqaba Port - (Al Ghad)

AMMAN —Al Ghad— The Kingdom’s bill on fuels imported for the purpose of generating power decreased by 22 per cent over the first quarter of the current year 2016, compared to that of the first quarter of 2016, at JOD495 million and 14 per cent of Jordan’s total importation, amounting to JOD3.5 billion, over the quarter.

Jordan’s imports of crude oil amount in value to around JOD106.6 million, compared to JOD253.2 million last year, at a decline rate of 58 per cent.

Accordingly, expenditure on diesel importation declined 63.6 per cent to JOD77.4 million in 2016, compared to JOD212.9 over the first quarter of 2015, while having not imported any quantity of industrial fuels of the first quarter of this year, compared to JOD70 million spent on the importation of industrial fuels in the first quarter of 2015.

As for Gasoline; importation also dropped 43.8 per cent to JOD62.3 million, compared to JOD43.3 million in 2015.

On the other hand, export to import rates declined 5.4 per cent this year, from 38.2 per cent in 2015, to 32.8 percent, over the quarters, respectively, as total value of exportation during the first quarter of 2016 amounts to just above JOD1.16 billion, at a 10.7 per cent decrease, with domestic exports at JOD955.3 million, decreasing by 12.7 per cent.

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