Muscat: Fuel prices will be increased in October, the Ministry of Oil and Gas has announced.
The price of Super grade petrol will be 179 baisas per litre, 169 baisas for Regular grade petrol and 185 baisas for diesel per litre.
Currently, the cost of Super grade petrol is 170 baisas per litre, 161 baisas for Regular grade petrol and 176 baisas for diesel per litre.
In August, the cost of Super grade petrol was 166 baisas per litre, 156 baisas for Regular grade petrol and 178 baisas for diesel per litre.
In July, the cost of Super grade petrol was 180 baisas per litre, 170 baisas for Regular grade and 188 baisas for diesel.
Ali Khalfan, a Muscat resident, said the public has started to adjust to the situation. “No long queues at fuel stations nowadays on the last day of the month.”
Khalfan added that a nine baisa per litre price difference won’t hit his budget, but in contrast, it will help improve the country’s financial situation.
The issue was discussed in social media; however, most of the comments reflected an understanding public.
The Dubai Mercantile Exchange (DME) said Oman oil prices (November delivery) have reached $45.23. DME’s statement yesterday said the price of Oman oil rose $1.97 from the price on Wednesday, which was $43.26.
The average price of Oman oil (October delivery 2016) has stabilised at $44.02, which is 62 cents per barrel higher than September’s delivery.