Oman fuel prices for August announced

Muscut : Petrol and diesel will come down in price from August 1, according to the new prices announced by the Ministry of Oil and Gas.

In a tweet uploaded by the ministry, in August, the cost of Super grade petrol is 166 baisas per litre, 156 baisas for Regular grade petrol and 178 baisas for diesel per litre.

In July, the cost of Super grade petrol was 180 baisas per litre, 170 baisas for Regular grade petrol and 188 baisas for diesel per litre, compared with 185 in June.

Fuel subsidies for 2015 were estimated to be OMR580 million, and with deregulation the government will be able to save that money, which is expected to be a great help in reducing the deficit.