Tuesday, April 01, 2014
14

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........




:)

14 comments:

Anonymous said...

'subsidys' - spell check?

Sythe said...

Ooops! Thanks! Fixed :)

Anonymous said...



April Fool??? Hopefully not!!!
280Baz is still to cheap to change anything

Anonymous said...

Good one ...April fool ..lool

Shadi Zghoul said...

You were busted at bin Tagzin :)

Anonymous said...

I 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.

lapirk said...
This comment has been removed by the author.
lapirk said...

lol well done. i was seriously worried considering i drive a hemi engine ha ha.

Anonymous said...

And happy April Fool's day to you, too!!

Anonymous said...

Well done, you got me. The trouble is that we expect such nonsense and knee jerk stuff in Oman. Well done.

Anonymous said...

April fool would have been if they'd announce there's going to be functional and effective public transport:-)

Anonymous said...

Not such a clever April Fool, as it is such a serious issue?

Are you sure you weren't told to say this after the event?

Anonymous said...

Sadly, even if they raised the price to 240Bz it would leave the subsidy at 35%...

Terry said...

Omar Bin Razin Tagzis!!!

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