Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Oman

Oman investigating fuel smugglers as UAE increases price

byCustoms Today Report
03/08/2015
in Oman
Share on FacebookShare on Twitter

MUSCAT: Authorities are working on ways to foil attempts at smuggling of fuel as they are expected to increase following a decision by the United Arab Emirates (UAE) to deregulate fuel prices from August 1.

The announcement about the new petrol prices in the UAE was made on Tuesday. The price of Special 95 petrol will be increased from Dh1.72 per litre to Dh2.14, an increase of 23.6 per cent. The revised price for Super 98 has been set at Dh2.25 and E Plus at Dh2.07. With the UAE deciding to link fuel prices to global oil markets, new prices will be fixed every month and the next change will be announced on August 28.

You might also like

Oman’s budget deficit falls by 1%

04/02/2020

Oman crude oil price continues to hold steady around $65 per barrel

23/01/2020

The cost of petrol in Oman is 120 baiza for Super and 116 baiza for Regular.

Since petrol will cost less here, attempts at smuggling fuel are expected to shoot up in the coming period. Authorities are looking for ways to thwart such tactics, according to a reliable source in the government.

The source added that various strategies have been discussed and studied by the authorities concerned to stop such smuggling attempts.

Public Prosecution statistics show that more than 25 fuel smugglers were arrested and faced trial in 2012.

Fuel has been cheaper in Oman compared to the UAE.

Experts says that each truck can carry between 500 and 1,200 litres of fuel, depending on the capacity of the vehicle’s tank.

By resorting to such acts, many smugglers can make a profit of not less than OMR300 per day, or even more, as they manage to cross the border thrice a day via different border posts.

Welcoming the authorities’ efforts to work out a strategy to stop the smuggling of fuel, Mohammed bin Salim Al Busaidi, member of the Majlis Al Shura, said, “Such smugglers think they can make quick money. They don’t understand that they are affecting the country negatively by indulging in such acts.”

Another Majlis Al Shura member said more steps are required to crack down on smuggling of fuel through border posts, including Al Wajajah, Khutmat Melaha and Wadi Jezi.

To curb fuel smuggling, the Royal Oman Police (ROP) had introduced a rule about two years back as per which drivers of heavy trucks, trailers and four-wheel drive vehicles were asked to fill up a form mentioning the distance that the truck had already travelled, the quantity of fuel in the vehicle’s fuel tank, and the intended destination while travelling to neighboring countries.

Related Stories

Oman’s budget deficit falls by 1%

byadmin
04/02/2020

Muscat: The Sultanate’s budget deficit fell 1 per cent to OMR1,896.8 million till the end. The budget deficit for the...

Oman crude oil price continues to hold steady around $65 per barrel

byadmin
23/01/2020

Muscat: The price of Oman crude oil continue to hover around $65 per barrel, according to the Dubai Mercantile Exchange....

Port of Salalah joins blockchain-enabled digital shipping platform

byadmin
14/01/2020

Muscat: As part of its digital initiative to enhance customer experience, Port of Salalah recently joined TradeLens, the blockchain-enabled digital...

Oman’s share index closes marginally lower

byadmin
23/12/2019

MSM30 index closed at 3,950.89 down 0.05 per cent. The Sharia index closed down by 0.67 per cent at 543.86....

Next Post

Free trade zones turn into hubs for exports

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.