Mus­cat, Oman

The Week Middle East - - News -

Oman has be­gun test­ing a fuel sub­sidy card sys­tem to help low earn­ers cope with price in­creases. Times of Oman cited the Min­istry of Oil and Gas as con­firm­ing it was “test­ing the readi­ness” of the sys­tem after pic­tures of cards is­sued by Shell were cir­cu­lated on so­cial me­dia. In Fe­bru­ary, Oman’s Coun­cil of Min­is­ters or­dered the freez­ing of the price of M91 fuel at 186 baisas a litre due to con­cerns ris­ing prices were neg­a­tively im­pact­ing low earn­ers and in­creas­ing the cost of goods. This fol­lowed the coun­try’s re­moval of fuel sub­si­dies and the link­ing of prices to global oil move­ments last year as part of the gov­ern­ment’s aus­ter­ity mea­sures. The card would al­low fam­i­lies in the low in­come group to pur­chase dis­counted fuel.

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