We will work to protect nation from oil price fluctuations: Deputy Prime Minister

Muscat: The most important thing to Oman is to keep the living standards and aspects of life for safe, according to Oman’s Deputy Prime Minister of the Council of Ministers.

H.H Sayyid Fahad Bin Mahmoud Al Said, Deputy Prime Minister for the Council of Ministers Affairs, said, “The issue of oil has different considerations, such as political and economic considerations. The most important thing to the Sultanate is to preserve the living aspects for all citizens, as His Majesty has mentioned.

“The Sultanate will spare no effort in making sure that our children do not feel the differences and fluctuations that are occurring in oil prices,” he added.

The comments came yesterday, as the Deputy Prime Minister patronised the excellence awards for the employees of civil service.

Oil prices for the first quarter of 2019 have posted their best quarterly performance since 2009. Furthermore, Oman’s marker price for its June 2019 shipment of crude oil rose on Monday to $70.49 (about OMR 27.14) per barrel, according to the Dubai Mercantile Exchange (DME).