Oman gas stations to benefit from UAE price deregulation
Gas stations in Oman located near the border with the United Arab States (UAE) are expected to face an increased number of customers from across the border after deregulation of prices.
Following the UAE government´s decision to deregulate fuel prices from August 1, and align them to international rates, motorists will be facing more expensive fuel in the Gulf country. Gas station owners and residents on both sides of the border expect an influx of UAE vehicles to Oman, reports The Times of Oman.
It is areas such as Buaimi and Madha in Oman which should see their fuel sales increased after the UAE decided to remove fuel subsidies.
In statements to The Times of Oman, Rashid Al Shamsi, a Majlis Al Shura member representing Buraimi wilaya, said Oman´s fuel retailers will be able to cope with an increased demand.
He added that the rush of vehicles wouldn´t be an everyday thing, but on a weekend basis. "It is during weekends that we will witness a bigger rush as many of Omanis living in the UAE and Emiratis head to Buraimi on Friday and Saturday," said Al Shamsi.
The new price policy in the UAE seeks to support national economy, lower fuel consumption, protect the environment and preserve national resources, according to the government. New fuel rates will be linked with global prices, and decided by a committee on a monthly basis.
