Recommendations by Majlis panel include withdrawal of all free fuel subsidy cards given for government officials
Suggested Fuel prices
M95 160 baisa per litre
M91 150 baisa per litre
Diesel 180 baisa per litre
Vinod Nair –
Muscat, Feb 9 –
The Majlis Ash’shura during its ninth regular session on Thursday praised the Council of Ministers’ decision to support the section of the society affected by rising fuel prices.
It also voted in favour of restricting the prices of all three types of fuel — M95 to 160 baisa per litre, M91 to 150 baisa per litre and diesel to 180 baisa per litre.
The members present in the Majlis approved the recommendations of the commission formed to address the implications of the economic crisis on the society. The commission, headed by Hilal bin Hamad al Sarmi, had put forward five recommendations with the regard to the pricing of petroleum products.
As mentioned above, the recommendations included restricting the prices of all three types of fuel accordingly: M95 160 baisa per litre, M91 to 150 baisa per litre and diesel to 180 baisa per litre.
Secondly, the government should step in to support low-income families if the price of a barrel of oil exceeds $70 or see that the prices do not exceed more than 160 baisa per litre.
During the voting, 46 per cent voted in favour of a ceiling on fuel prices, while 34 per cent sought clarity on the mechanisms applied to set fuel prices every month.
Thirdly, it said the government should withdraw all free fuel subsidy cards for government officials.
The Majlis also called for clarity on mechanisms used for pricing of petroleum products and the profit margin of these products and their derivatives.
It said the committee in charge of the follow-up on oil prices should present the Majlis with all matters relating to pricing of petroleum products prior to their adoption, as well as any actions taken in this regard.
A member said that there should be a special sitting with the ministers concerned to review the follow-up on the recommendations made by the Majlis.
Others members pointed out the M91 grade is consumed by expatriates, and there should be a ceiling on M95 grade fuel too. A member also suggested that there should be a check on the use of government vehicles and fuel consumption patterns.