The head of the Energy and Minerals Regulatory Authority, Ziyad al-Sa’aida, said on Saturday that fuel pricing is currently approved by the Petroleum Derivatives Pricing Committee, but in the near future we will go to price ceilings.

Al-Saaida explained via “The Kingdom” that the competition will be great if there is more than one marketing company.

On Saturday, the Commission announced that the door is open to those wishing to invest in the marketing and distribution of oil derivatives in Jordan.

Al-Saaida explained that the aim of opening the market for investors to invest in the field of marketing oil derivatives is to promote investment and facilitate investment procedures through the authority, which leads to opening the market, creating new job opportunities and sustaining the security of supplying oil derivatives, as well as raising competitiveness among investors in this sector.

He said that the Jordanian market is open to maintain the security of the supply of oil derivatives for all.

And he talked about the existence of 3 current marketing companies in Jordan if their licenses for oil derivatives were renewed during the current month, adding: Today there are no small investors, and he indicated that the market needs one or two companies.

The authority has a request for a company that is awaiting the completion of the conditions for the initial approval to invest in this sector, which is a coalition of a group of private gas station owners.

He expressed his hope that there will be companies that provide added value to the local market.

(The kingdom)