Muscat: The production of standard grade petrol (M-91) by Omani refineries has seen a robust 40 per cent jump to touch 10.60 million barrels during the first nine months of 2018, over the same period of 2017.
However, the output of super grade petrol (M-95) declined by 23 per cent to 9.14 million barrels during January- September period of 2018, according to data released by the National Centre for Statistics and Information (NCSI).
The surge in production of standard grade petrol over super grade petrol was supported by a significant growth in demand from price sensitive motorists.
Oman has two refineries; Mina Al Fahal (Muscat) and Sohar Refinery, which are owned by Oman Oil Refineries and Petroleum Industries Company (Orpic).The NCSI report also showed that gas oil (diesel) output rose by 20 per cent to 22.02 million barrels while aviation fuel production jumped by 125 per cent to 10.13 million barrels during January- September period of 2018, over the same period of 2017.
Production of LPG also rose by 11 per cent to 5.08 million barrels during the first nine months of 2018. Of the total production of M-91 grade petrol (which is the cheapest petrol available in the market), 9.38 million barrels were sold in the domestic market.
However, domestic sales of M-95 grade petrol stood at 25 per cent lower at 8.77 million barrels while sales of gas oil (diesel) within the country stood steady at 12.35 million barrels during January-September period of 2018.
Domestic sales of aviation fuel oil were 1 per cent lower at 3.59 million barrels while LPG sales within the country rose 11 per cent to 1.91 million barrels during January-September period of 2018.