Global oil prices fell on Monday (April 3), as oil output from Libya rebounded after the country’s Sharara oil field resumed production.
Motorists, rejoice! You will be paying less to fill up your vehicle this month as the price of M91, M95 and diesel fuel has been slashed.
The announcement was made last Friday (March 31) and the new prices are already in effect.
According to the official notice released by the Government, M95 petrol now costs 192 baisas a litre, while M91 costs 180 baisas per litre, and diesel, 200 baisas per litre.
In contrast, M91, M95 and diesel fuels were priced at 186 baisas, 198 baisas and 208 baisas per litre in March.
Fadil al Belushi, a Muscat-based taxi driver, said: “This is good news [the drop in fuel prices].
“A full tank in my taxi cost me RO9.9, but now it will only cost RO9.5. The difference adds up, and in a day I am saving anywhere between RO1 and RO1.5.”
Meanwhile, global oil prices fell on Monday (April 3), as oil output from Libya rebounded after the country’s Sharara oil field resumed production on Sunday.
In contrast, the Ministry of Oil and Gas said last week that from June, Oman would cut crude exports to Asia by 15 per cent to meet local demand. The Sultanate had promised to cut down 45,000 barrels per day as a part of a production cut agreement by Opec members.