AMMON: The Ministry of Energy and Mineral Resources dismissed as “baseless and misleading” claims that the government was making savings as much as JOD4.5 billion from fuel revenues and are not incorporated in the state’s general budget.
Recently, a video went viral on social media platforms in which a person claims the government was making that amount from fuel sales in the local market. The ministry said in a statement issued today it will pursue legal action against those who disseminated such “misleading information”.
The ministry also published the details of how fuel derivatives are priced as well as the costs that cover shipping, storage, refining, suppliers’ profits and fees and taxes. It noted that the Kingdom’s annual consumption of crude oil is 40 million barrels at a total cost of JOD6.4 billion.
The statement indicated that the total value of fuel revenues in 2016 amounted to JOD2.6 billion only and not JOD6.7 billion as it has been claimed. In the same year, the Jordan Petroleum Refinery Company (JPRC) imported 2.978 million tons of crude oil and refined 60,000 barrels daily.
