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Hot on the heels of the UN report on global warming yesterday, Oman's made the long-suspected announcement this morning (even at the behest of the IMF in a recent report) that the subsidy on fuel is to be reduced starting from next week.
Current prices are 114bz /liter for regular, 120bz /liter for super and 140bz /liter for diesel. In this mornings announcement made by Omar bin Tagzin the new pricing levels will be 220bz /liter for regular, 280bz /liter for super and diesel is to be 300bz /liter. Tagzin then went on to announce that those Omani's that receive financial support will also be receiving a fuel card allowing RO 10 per month in fuel which can be redeemed at any petrol station in Oman.
It is hoped that as more and more ONTC buses hit the roads, more people will start to use the growing public transit system and opt to not drive fuel inefficient vehicles.
I have to say I'm quite shocked at how sudden this announcement was made, and my previous prediction of 270bz liter was actually lower than what's been announced - I guess the fuel subsides were growing at an un-maintainable rate as the number of new young drivers increases each month.
I predict a raft of "fuel efficient" car adverts in our near future.
More soon.
le fin.
In case you didn't get it........
:)
Fuel prices set to move to 280bz/litre
Reviewed by Sythe
on
Tuesday, April 01, 2014
Rating:
Reviewed by Sythe
on
Tuesday, April 01, 2014
Rating:
'subsidys' - spell check?
ReplyDeleteOoops! Thanks! Fixed :)
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ReplyDeleteApril Fool??? Hopefully not!!!
280Baz is still to cheap to change anything
Good one ...April fool ..lool
ReplyDeleteYou were busted at bin Tagzin :)
ReplyDeleteI hope this is correct?? Currently there are 100's of people at the Ministry of Oil & Gas, it is getting out of hand, riot police are in attendance, and giving reference of Muscat Mutterings for this information. Its looking like it will escalate, they are calling for the Minister himself to come.
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ReplyDeletelol well done. i was seriously worried considering i drive a hemi engine ha ha.
ReplyDeleteAnd happy April Fool's day to you, too!!
ReplyDeleteWell done, you got me. The trouble is that we expect such nonsense and knee jerk stuff in Oman. Well done.
ReplyDeleteApril fool would have been if they'd announce there's going to be functional and effective public transport:-)
ReplyDeleteNot such a clever April Fool, as it is such a serious issue?
ReplyDeleteAre you sure you weren't told to say this after the event?
Sadly, even if they raised the price to 240Bz it would leave the subsidy at 35%...
ReplyDeleteOmar Bin Razin Tagzis!!!
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