Jordan’s Oil Expenditure Declines to JD2.7bln

Amman: Jordan's expenditure on oil witnessed a consistent decrease from the start of 2023 until the conclusion of last November, amounting to JD2.723 billion compared to JD3.302 billion during the corresponding period in 2022. As per the monthly foreign trade report released by the Department of Statistics on Thursday, there was a notable 17.5 percent decline in Jordan's imports of crude oil, derivatives, and mineral oils by the end of November 2023. The reduction in the oil expenditure until the end of last November 2023 totaled approximately JD579 million compared to the same timeframe in 2022. Among Jordan's petroleum derivative imports, mineral fuels held the largest portion at about JD893 million, followed by crude oil at JD661 million, and petroleum spirits (gasoline) at around JD584 million. Diesel imports stood at approximately JD546 million, lubricating oils at about JD35 million, and kerosene at a value of JD3 million. Source: Jordan News Agency