Muscat: The Producer Price Index (PPI) in the Sultanate of Oman recorded a 4.3% decline in the third quarter of 2025 compared to the corresponding period in 2024, according to data released by the National Center for Statistics and Information (NCSI). According to Oman News Agency, the decline was primarily driven by a 5.3% decrease in prices within the mining and quarrying sector, reflecting a 5.4% drop in crude oil and natural gas prices. In contrast, prices of metal ores increased by 13.3% during the same period. The manufacturing sector also registered a 4.1% decline, influenced by a marginal 0.2% decrease in prices of food products, beverages, and textiles, alongside a 4.6% fall in prices of other transportable goods and a 4.7% reduction in prices of fabricated metal products, machinery, and equipment. As for key utility sectors, electricity prices rose by 3.5%, while the water sector recorded a sharper increase of 6.1% during the third quarter of 2025.
Related Articles
Dollar Drops as Optimism Over US Trade Deals Grows
New york: The US dollar today wallowed near its lowest level in nearly four years against the euro as market optimism over US trade deals bolstered bets for earlier Federal Reserve interest rate cuts. The dollar index, which measures the US currency a…
Agreement Inked to Establish MENA’s First Perforating Charges Manufacturing Facility
Muscat: Petroleum Development Oman (PDO) and French company SLB have signed an agreement to establish the Oman Perforation Technology Center, the first perforating charges manufacturing facility of its kind in the Middle East and North Africa for the …
Oman Crude Oil Price Drops by USD 2.04
Muscat: The official price of Oman crude oil for August 2026 delivery settled at USD 94.89 per barrel today. This marks a decrease of USD 2.04 from Wednesday’s price of USD 96.93.
According to Oman News Agency, the monthly average price for Oman cru…
