By Staff writer
Motorists rush to fill vehicles before costs rise, according to official
Several petrol stations in Oman ran out of fuel as motorists lined up to fill their tanks ahead of a 50 percent price hike.
One station said it sold 50 percent more fuel on the day before the price upsurge on May 31, reported Times of Oman.
It said it collected $37,075 (OMR 14,276) more for Regular fuel and $115,590 (OMR 44,508) more for Super fuel on the day.
“As the prices were announced on Tuesday afternoon, motorists rushed to fill their vehicles at the cheaper price,” said an official at fuel sales company Siraj Al Jazeera Projects in Oman.
“In all our filling stations, long queues were present by the evening. By 10pm, many of our fuel stations ran out of stock.”
Mohammed Bhuiyan, manager of a petrol station in Ghala, said about 1,000 cars lined up in front of his petrol station from 7pm to midnight.
Oman restricted its oil prices as part of its measures to restrain budget deficits.
Its fuel subsidies for 2015 were estimated at $1.5 billion (OMR 580 million), a number the government hopes to save and help in reducing the budget deficit.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.