Motorists in Oman will be happy to hear that fuel prices for July have continued to fall, the Ministry of Oil and Gas announced on its Twitter account today.
According to the ministry, the price of M95 petrol has fallen to 183 baisas a litre, down from 191 baisas in June. Meanwhile, M91 petrol has dropped to 175 baisas a litre compared with 180 baisas in June.
The price of diesel has also dropped, falling to 192 baisas a litre from 197 baisas last month.
In May, fuel prices hit an all-time high in the Sultanate, with diesel priced at 207 baisas a litre and the high-grade M95 petrol set at 199 baisas.
In January 2016, the Oman Government cut its generous 50 per cent fuel subsidy to the public as part of its austerity measures to offset plummeting oil prices.