M-91 petrol pro­duc­tion soars in Oman

The surge in pro­duc­tion of stan­dard grade petrol over su­per grade petrol was sup­ported by a ro­bust growth in de­mand.

Times of Oman - - MARKE -

MUS­CAT: The pro­duc­tion of stan­dard grade petrol (M-91) by Omani re­finer­ies saw a sig­nif­i­cant 38 per cent jump over the same pe­riod last year, to reach 9.27 mil­lion bar­rels dur­ing the first eight months of 2018.

How­ever, the out­put of su­per grade petrol (M-95) de­clined by 23 per cent to 8.03 mil­lion bar­rels dur­ing the Jan­uary-Au­gust pe­riod of 2018, ac­cord­ing to data re­leased by the Na­tional Cen­tre for Sta­tis­tics and In­for­ma­tion (NCSI). The surge in pro­duc­tion of stan­dard grade petrol over su­per grade petrol was sup­ported by a sig­nif­i­cant growth in de­mand. The Sul­tanate has two re­finer­ies – Mina Al Fa­hal (Mus­cat) and So­har Re­fin­ery, which are owned by Oman Oil Re­finer­ies and Petroleum In­dus­tries Com­pany (Or­pic).

The NCSI re­port also showed that diesel out­put rose by 24 per cent to 19.91 mil­lion bar­rels, while avi­a­tion fuel pro­duc­tion surged by 134 per cent to 9.17 mil­lion bar­rels dur­ing the Jan­uaryAu­gust pe­riod, com­pared to the same pe­riod last year.

Pro­duc­tion of liq­ue­fied petroleum gas (LPG) also rose by 29 per cent to 4.11 mil­lion bar­rels dur­ing the first eight months of 2018.

Of the to­tal pro­duc­tion of M-91 grade petrol, which is the cheap­est petrol avail­able in the mar­ket, 8.38 mil­lion bar­rels were sold in the do­mes­tic mar­ket.

Fur­ther, do­mes­tic sales of M-95 grade petrol stood 25 per­cent lower, at 7.77 mil­lion bar­rels, while sales diesel fuel within the coun­try stood steady at 11.02 mil­lion bar­rels dur­ing the Jan­uaryAu­gust pe­riod.

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