'M98 fuel not priced as it is not produced in Oman'

Muscat: The Ministry of Oil and Gas does not price M98 fuel as it is imported and not produced in the Sultanate, the Ministry clarified.

There is a difference between the M98 Ultimax by Oman oil and V power by Shell. The producer prices are determined by the two companies according to their desire and competition, the Ministry said.

A statement said, “The Pricing Committee for Petroleum Products does not price fuel of M98 because it is imported and not produced in the Sultanate. There is a difference between the fuel of M98 Ultimax in Oman Oil which contains a higher octane ratio, while the V power by Shell is a special mixture of the company”

“The producer prices are determined by the two companies according to their desire to compete," the Ministry added.