Jordan To Raise Electricity Price From March
Faizan Hashmi Published February 28, 2018 | 11:33 PM
Jordan will increase price of electricity for all sectors, including industrial and households, starting from March 1, the government said Wednesday.
AMMAN, (APP - UrduPoint / Pakistan Point News - 28th Feb, 2018 ) :Jordan will increase price of electricity for all sectors, including industrial and households, starting from March 1, the government said Wednesday.
The money paid per kilowatt-hour will be raised from 0.012 dinars (0.017 U.S. dollars) to 0.014 dinars for all sectors, said Farouq Hiari, chief commissioner of the state-owned Energy and Minerals Regulatory Commission.
The average price of a crude oil barrel in the last three months rose to 66.2 Dollars per barrel, exceeding a 55-dollars cap set by the government of Jordan to keep electricity tariffs unchanged.
Electricity prices are announced at the end of each month and are based on the average price of crude oil over the previous three months, said Hiari. "The increase will affect all economic sectors including the industrial and households.
But households that consume 300 kWh and less will not witness any increase in their bills," he said. Jordan, which imports 96 percent of its energy needs annually, is working on several energy projects to increase reliance on renewable energy, oil shale and renewable energy to reduce costs of electricity and meet rising demands.
Related Topics
Recent Stories
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
More Stories From World
-
Philippines grapples with measles, pertussis outbreaks: UNICEF
9 minutes ago -
450,000 stimulant tablets seized in Myanmar's Yangon
10 minutes ago -
Mining giant Anglo American shares jump on BHP bid
10 minutes ago -
Cambodia's rubber export up 5.1 pct in Q1
10 minutes ago -
Zimbabwean president reshuffles cabinet
10 minutes ago -
Football: Italian Cup result
10 minutes ago
-
Sugar futures close lower
20 minutes ago -
China-donated relief supplies arrive in Papua New Guinea
20 minutes ago -
ChiNext Index closes lower Thursday
20 minutes ago -
BHP launches $38.8 billion takeover bid for rival Anglo American
29 minutes ago -
AstraZeneca profit up on strong sales of cancer drugs
30 minutes ago -
93 arrested at LA university pro-Palestinian protest for trespassing
30 minutes ago