Muscat: Petrol and diesel will cost more in April than March, according to the new prices communicated to fuel companies in Oman by the ministry.
Read also: Fuel prices at pumps in Oman 'will not' be capped
In April, the revised regular petrol (M90) will cost 145 baisas per litre, super graded (M95) 158 baisas and diesel will cost 163 baisas.
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In March, the revised regular petrol (M90) will cost 130 baisas per litre, super graded (M95) 145 baisas and diesel will cost 146 baisas.
In February, the price of super grade petrol was 153 baisas per litre, for regular grade petrol it was 137 baisas and for diesel it was 146 baisas per litre.
Following the dip in global oil prices, Oman had deregulated its oil prices in January this year as part of austerity measures aimed at plugging the budget deficit.
Fuel subsidies for 2015 were estimated to be OMR580 million, and with deregulation the government will be able to save that money, which is expected to be a great help in reducing the deficit.