Jordan faces protests over fuel prices hikes

[jose chalhoub + 388]

Last week, Jordan faced a rare if you will event over fuel prices hikes which prompted the resigning of Prime Minister and the halt of this step by King Abdullah II. Interesting event in the wake of a coming oil price crash. https://dailynewsegypt.com/2018/06/02/jordans-king-freezes-fuel-price-hikes-for-one-month-following-mass-protests/

[Olga Tkachuk + 33]

Jordan is an important place to watch. The GCC have not renewed their aid to Abdullah since 2017, because Saudi and the UAE are angry with the fact that he is not actively supporting their starvation of Yemenis, that the Muslim Brotherhood is not politically disenfranchised, that Jordan is less on board in regards to their new state policies towards Israel, etc. Meanwhile, Abdullah had a very cordial meeting with Rouhani - this being the first meeting of the heads of state in 15 years. I bet the GCC's (and Israel's) long play vis-a-vis Jordan over the next decade is to overthrow the Hashemites, and declare it to be the kingdom come of the Palestinians, who are the majority of the population, even with the refugee influx. Stirring things up there shouldn't be too difficult, considering the massive unpopularity of the IMF austerity measures and tax hikes, and the social tensions sharpened by waves of refugees from other parts of the region. 

[Guillaume Albasini + 851]

High oil prices + high dollar = troubles for many countries

 

Here are some recent news :

 

LIMA (Reuters) - Peruvian Finance Minister David Tuesta resigned on Monday as truck and bus drivers called off plans for a major protest against his fuel tax hikes and the president promised to shift the focus on collecting taxes owed by big companies.

RIO DE JANEIRO (Reuters) - Brazilian oil regulator ANP said on Tuesday it would seek public comment over a period of several weeks on a potential rule that could set limits on how often fuel prices change in the country. The comment period, which will take place from June 11 to July 2, follows a nationwide trucker strike over diesel price hikes last month that paralyzed much of Latin America’s biggest economy.

MANILLA (ABS-CBN News) - Protesters picket in front of Shell Philippines' main office in Makati City on Tuesday following another round of oil price hikes. They claim the oil price hikes, the TRAIN Law, rising prices of goods, and low wages are weighing heavily on workers. 

NEW DEHLI (Times of India) - Youth Congress activists  staged a protest against the steep rise in petrol and diesel prices near the Ministry of Petroleum and Natural Gas. The activists planned to march from the IYC to Shastri Bhawan, which houses the Ministry of Petroleum and Natural Gas, but police did not allow them to proceed by erecting barricades few meters away from the ministry office.

 

[Ja’Nako Bezze + 36]

King Abdullah II on Friday ordered the halt of new fuel and electricity price hikes for a month, following mass protests that swept the country’s streets in the past several days and called for “the fall of the government.”

[jose chalhoub + 388]

Aso i would point out that Jordan is an interesting case in the Middle East since the country according to many sources has been on the path of developing renewable energy and also has important reserves of shale gas and also has been in deals with Russia in the development of nuclear energy. Definitely Jordan is a case to watch even though its not a significant producer and exporter of oil but a relevant geopolitical player in the region. 

[HK Rach + 10]

but we have to give credit to Jordan. They've really been a model for reform for the region at least. The privatization process has been successfully implemented for over two decades, and it's seen a surge the last couple of months and its a big boost to the economy. 

A decade ago Jordan’s energy sector faced major challenges due to the limited domestic resources and its dependency on energy imports – such as Egypt who has been Jordan’s main gas provider. A subsidy system was overwhelming the state budget while the increasing domestic demand for energy put additional pressure on the sector.

[Rashed ALSAYED + 11]

i belive that jordan on the right path for long development and peaceful evnorminets for huge foreign investments soon and honestly i am honored that jordan realted to be an wining and good example of privatization successfully implemented

Edited June 8, 2018 by rafattt
adding info

[Rashed ALSAYED + 11]

7 hours ago, Petar said:

Hopefully it is milestone turned into global peace and demilitarization of Korea

i hope so too mate

[jose chalhoub + 388]

Surely i consider Jordan in my humble point of view to be a unique case in the Middle East as well as the cases of Oman and other emerging economies in the region, making an eruption in the energy sector such as Bahrain. But definitely what happens in Jordan regarding the protests over prices of diesel we had seen this in other middle eastern countries such as Egypt, and also other gulf countries have taken decisions in this regard, showing the impact of low oil prices of recent past making its toll at the end of the day. And in this sense, it will be important the geopolitical dynamics of China, Russia and also the U.S. and the Gulf States how they interrelate with Jordan and the offers in the energy field they make to the hashemite kingdom.