The economic researcher specializing in oil and energy affairs, Amer Al-Shobaki, expected that the prices of all types of oil derivatives sold in the local markets will decrease by the end of this month, by 1.5% to 3%, and by 1.5 to 2 piasters per liter of gasoline 90 and gasoline 95. And diesel and kerosene, and thus this drop is the first locally on the prices of oil derivatives, after six hikes in the prices of these commodities in the current year 2021.

Al-Shobaki added that international oil prices witnessed the largest weekly decline in nine months and since the end of last year.
After seven consecutive days of losses, after many countries around the world responded to the high rate of infection due to the mutated Delta Corona virus by adding travel restrictions to stop its spread.

China has imposed stricter port controls, causing congestion, countries including Australia, Japan and Thailand have increased travel restrictions, and global demand for jet fuel has fallen after improving for most of the summer.
Brent crude fell 8% for the week, to settle at $65.18 a barrel, its lowest level since April. West Texas crude fell to $62.32 a barrel on Friday, losing more than 9% for the week.

The US dollar recorded its highest level in nine months due to indications that the US Federal Reserve is considering reducing stimulus this year, and oil prices are moving inversely with the dollar, because the rise in the value of the dollar makes oil more expensive for buyers.

Locally, the Jordanian government has raised the prices of oil derivatives six times this year, the last of which was at the beginning of this August, until the price of a liter of gasoline reached (90) 83 piasters, the price of a liter of gasoline reached (95) 107 piasters, and the price of a liter of diesel and kerosene reached (61.5) piasters.