The Sultanate of Oman has (locally) consumed a staggering 5.27 million barrels of standard grade petrol – M91 – fuel over the course of the first six months of 2019.
This has led to an increase in production of the fuel.
As per the details revealed by the National Centre for Statistics and Information (NCSI), Omani refineries pumped out 7.52 million barrels of the fuel from January until June 2019 – thereby marking a 5 per cent surge in production.
In comparison, Oman refined only 7.2 million barrels of M91 in same period from the previous year.
This surge in production of the standard grade of petrol over super grade – M95 and M98 – petrol was supported by a significant growth in demand. The price of a litre of M91 fuel currently stands at 210 baisas – a five baisas increase from July, 2019.
Meanwhile, the output of M95 petrol has reached 6.58 million barrels, while diesel output fell by 8 per cent to 13.52 million barrels, and aviation fuel production jumped by 10 per cent to 7.44 million barrels over the same period of time.
Of the total production of M91 petrol – which is the cheapest petrol available in the market – 5.27 million barrels were sold in the domestic market.