Muscat: Oman has no intention to standardise the fuel prices with the rest of Gulf States, said Salim Al Aufi, undersecretary at the Ministry of Oil and Gas.
Al Aufi added that each country has its own policies. He said there is no intention to reduce oil production.
Economic experts believe that fuel standardisation will help curb the smuggling of diesel in gulf states.
The daily production of crude oil and condensate oil rate last July exceeded the barrier of one million barrels per day, the highest figure in the history of Oman’s oil production.
The total oil production rate last July stood at 1,001,081 barrels per day, a rise of 0.48 per cent, during which time the country exported more than 24 million barrels.
China topped the list of countries importing Omani oil during the month of June, constituting 69.25 per cent of total exports, followed by Japan with 15.15 per cent, then Taiwan, Singapore and Thailand at 7.52 per cent, 4.05 per cent, 4.03 per cent, respectively.
Al Aufi pointed out that no more additional fuel will be sold to the petrol stations bordering the UAE and it will remain as the same.
Fuel runs out every day in petrol stations near the Omani and Emirati borders, due to the high demand and pressures after the UAE lifted the fuel subsidy last July.
