Oman’s total vehicle registrations fell by 19.5 per cent to 6,935 in January this year, against 8,612 units for the same month of 2016, according to statistics released by the National Centre for Statistics and Information (NCSI). The fall in registration can be attributed to reluctance of people to spend on high value products like vehicles in view of ongoing economic slowdown, increase in fuel prices and slackness in job creation. (Times of Oman)
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