Oman petrol stations shut taps for Al Ain taxis :: GN
OmanOil has tired of the cross border arbitrage brought about by the substantial difference in petrol prices in the UAE and Oman. Pegging its price below the UAE price was draining its coffers. UAE taxis will no longer be allowed to buy in Oman.
Ironically, the lucrative illegal export of incredibly cheap petrol from Iran into the northern Omani province of Musandam continues.
OmanOil has tired of the cross border arbitrage brought about by the substantial difference in petrol prices in the UAE and Oman. Pegging its price below the UAE price was draining its coffers. UAE taxis will no longer be allowed to buy in Oman.
Ironically, the lucrative illegal export of incredibly cheap petrol from Iran into the northern Omani province of Musandam continues.
Labels: *, ***2005, **2005, Best of EmEc 2005, Best of Emirates Economist, Iran, Oman, taxis
posted by John B. Chilton at 9/28/2005 11:47:00 AM
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