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The automotive market in Oman has seen more demand for small cars and more fuel efficient instead of greedy SUV fuel.
According to the National Center for Statistics and Information NCSI, the number of private vehicles registered stood at 1,326,254 vehicles by the end of May, down 3 3 percent compared to the same period in 2015 .
Nasser Al Balushi, automotive marketing expert, told Gulf News the demand to buy cars fell sharply throughout the country.
Despite attractive offers auto companies, many people are reluctant to buy new cars in the current situation, he said.
Saud Al Mashari, sales manager at a car agency, said he has noticed fewer cars on the new routes.
He confirmed that customers looking to buy more fuel efficient cars.
Mustafa Al Hatmi, an engineer, told Gulf News that he sold his SUV with four wheel drive and bought a 4 cylinder vehicle to reduce fuel expenses that I can save six rials Dh57 22 every week now, I pass 20 rials per month compared to 44 rials when I had the four-wheeled vehicle, said Al Hatmi.
We have families to support we willing to pay so we must think about how to spend our salaries, said Rashid Al Azani, another consumer.
Brand SUV vehicles are gathering dust in automotive shops, despite some very interesting offers.
The vast majority of Omanis surveyed said the fuel price increase had an effect on them, and say almost half, it had a significant effect on them and their families, the National Center for Statistics and NCSI the information revealed.
Forty-five percent of Omanis said in June that rising fuel prices have had a significant impact on them, compared to 24 percent in May.
Figures show that 38 percent of Omanis were slightly affected by the increase, while 17 percent said they are not affected at all, according to the NCSI.
In addition, 44 percent of Omanis have changed or intend to change the grade of fuel they buy at the pump.
In addition, 34 percent of Omanis believe that the change in fuel prices has a negative impact on the economy.
Fuel prices have experienced a huge increase of 50 percent in June and July compared to January, when fuel prices were examined.
The price of premium quality petrol M95 is set at 180 Baiza Dh1 72 per liter, that of ordinary gasoline M90 is 170 Baiza per liter, and diesel costs 188 Baiza in July, according to the Ministry of oil and gas.
The price of premium grade gasoline was 160 Baiza per liter, regular gasoline was 140 Baiza per liter and diesel was 160 Baiza per liter in January.
Before increasing fuel prices in mid-January, the price of premium grade gasoline was 120 Baiza per liter, regular gasoline was 114 Baiza per liter and diesel was 146 Baiza per liter.
Oman follows the footsteps of other Gulf countries that have revised fuel prices recently amid falling oil prices.
Subsidies on petroleum products, including gasoline and diesel, are estimated to have cost 900 million rials Oman DH8 56 billion in 2015, compared with 840 million riyals in 2014.
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