Adjusting the prices of Oman’s petroleum products does not mean the deregulation of all fuel prices. Instead, the goal is to bring them in line with global prices, Salim Al Aufi, Undersecretary of Oil and Gas said on Thursday. Al Aufi told Al Shabiba daily that the new petrol prices would not exceed OMR0.160/litre, compared to the current OMR0.120 per litre. Al Aufi added that there is no reason of that the price of goods in Oman should increase, since the increase in diesel price will be limited and similar to global prices. Steep increases in diesel prices are often a major contributor to inflation due to increased shipping costs. Al Aufi said the additional cost of transporting goods will not exceed 5 to 7% of the total value, which means the effect will be minimal. (Gulf News, Zawya)