• Oman

    • Oman ranks 22nd cheapest petrol prices in the world

    By on May 8, 2022
    fuel in oman / price
    fuel in oman / price

    Muscat: The Sultanate of Oman ranked 22nd globally with Saudi Arabia in the fuel price index for the month of May 2022, which was recently issued by the Global Petroleum Price website, compared to the 19th place in the index last March.

    The average price of a liter of fuel in the Sultanate and Saudi Arabia, which is sold to citizens and residents, is $0.621. Venezuela recorded the lowest price per liter of fuel at $0.22, followed by Libya, Iran, and Syria.

    Hong Kong recorded the highest price per liter of fuel sold to its citizens and residents at $2.872, followed by Norway, followed by South Africa.

    The index indicated that the average price of fuel globally amounted to 1.33 US dollars per liter, up from 1.29 dollars per liter during the month of March, but there are noticeable differences between countries, where prices in rich countries are high compared to poor countries, while oil producing and exporting countries have lower prices. much.

    The United States of America is an exceptional case as it is characterized by superior economic progress, but at the same time it has low fuel prices.

    He stated that the differences in fuel prices in different countries are due to government subsidies for fuel, and the size of the taxes imposed, as all countries in the world buy oil at the same prices, but later impose different taxes, which leads to different retail prices for fuel.

     

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