MUSCAT: Drivers wait in line to fill their vehicles at a petrol station in Budaiya, Bahrain, January 11, 2016.
Bahrain and Oman are the latest GCC countries to reduce state subsidies on petrol as global oil prices dips to its lowest since 2003.
On Tuesday, gas prices at the pump rose by up to 60 percent in Bahrain, to $1.25 per gallon for regular petrol and $1.60 per gallon for premium fuel.
Oman said it would reduce subsidies starting on Friday and increase gasoline prices by 33 percent for premium fuel and 23 percent for regular fuel.
The dip in prices has cut into the revenues of oil-exporting countries, including many Gulf states. To save on expenditures, the United Arab Emirates and Saudi Arabia reduced fuel subsidies last year. Qatar and Kuwait are expected to follow suit.
As soon as news of the hike in petrol prices were announced, many drivers could be seen queuing up for up to hours at gas stations across the country in a bid to fill up their vehicles.
