Muscat: Oman oil price (October Delivery 2021) on Tuesday reached 68.53 US Dollars, comprising a decline by 41 Cents compared to the price of yesterday (Monday) which stood at 68.94 US Dollars.The average price of Oman oil (August Delivery 2021) has stabilized at 71.66 US Dollars, thus 5.26 US Dollars per barrel higher than July Delivery 2021. ONA
Modi government quoted oil bonds as the reason for not cutting the high fuel prices. UPA government issued oil bonds to compensate the losses of Oil Marketing Companies. The excise collected on fuel unfolds a different story altogether.
After tentatively rising in Asian trade, oil prices reversed course and fell on Tuesday morning, poised for a fourth consecutive day of losses, which would be the longest losing streak since March this year