Panel to monitor petrol prices

Wednesday 30th, December 2015 / 23:18 Written by

Darwish bin Ismaeel al Balushi, Minister Responsible for Financial Affairs, said that the government’s decision to amend the fuel prices will come into effect from January 15, 2016. He said a governmental committee is in charge of deciding the prices monthly to ensure that it is linked to global prices. The price will be announced three days before the date of implementation in the next month. He added that the committee has also the power to supervise and follow up the actual implementation of the decision. It will also ensure that all petrol stations are in full compliance with the new prices specified by the committee.