(MENAFN- Jordan News Agency)
Amman, July 9 (Petra)- Lower House Energy and Mineral Resources Committee is scheduled to submit a recommendation to Ministry of Energy and Mineral Resources, to conduct a second study to find out impact of costs on petroleum stations' commission ratio and the challenges facing the fuel sector, its chairman, MP Talal Ensour, said.
Chairing a committee meeting on Sunday, Ensour noted a 4-month period was given to submit the study outcomes to take the appropriate action in this regard.
For his part, Head of the Syndicate of Fuel (SOF), Nahar Seidat, said the fuel sector suffered "remarkable" losses during and after the Covid-19 pandemic, citing citizens' tendency to own hybrid and electric-powered vehicles behind this fall-off.
Seidat added that sales of Jordan's petroleum stations declined by about JD400 million annually, which negatively affected the sector.
Reflecting brunt of this situation , he warned that some fuel stations in Jordan's rural areas will not secure kerosene during the coming periods.
Seidat cited high prices of oil derivatives and decline in the citizens' purchasing power as reasons behind this loss.
He stressed need to raise the current commission granted for petroleum stations to achieve a minimum return to enable the sector continue operations in the market without losses.
According to a study, conducted by alal Abu-Ghazaleh & Co. Consulting (TAG-Consult), measures are advised to hike current commission rate by more than 15 fils to become 33 fils per liter.
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