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PM: Decision to liberalize fuel prices won't affect 70% of citizens

Amman, Nov. 13 (Petra) — Prime Minister Abdullah Ensour said that the decision to liberalize fuel prices will not affect 70 per cent of the Jordanian society, affirming that the cash compensation will be higher than any financial burden on the poor.

In remarks to the Jordan TV, Ensour said the channels to deliver financial support for citizens are easy, affirming that "the money will be provided for beneficiaries within 10 days at most". The direct financial compensation will cover all families whose monthly income is less than JD800.

The Government, he added, is taking the suitable decisions that serve the interests of the homeland, reiterating that his government is cutting expenditure.

"In the past 18 months of the Arab Spring, Jordan has lost between $4-5 billion at least as a result of oil stoppage, especially the Egyptian gas supplies," the prime minister said.

The Kingdom has lost JD1.7 billion because of the stoppage of Egyptian gas supplies, the prime minister said, adding that this skyrocketed the budget deficit to JD5.5 billion.

He also said that Jordan’s population reached 7 million, 1.5 million of which are not Jordanians who buy fuel with subsidized price.

Jordanian families, he added, would be paid JD420 as a compensation for floating fuel prices.

//Petra// A SH

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