MUSCAT: Prices of goods in Oman have not been affected despite drop in fuel prices, the country’s Consumer Protection Authority (CPA) has confirmed on Thursday.

In a statement issued, CPA also said some suppliers “justified that they have reduced the prices with the global prices and then they returned it as it was before reduction. The authority considers this as an unjustified raise and breaching the prohibit decision for raising the goods and services prices number 12/2021,” the statement said.

CPA said it is closely monitoring prices in the market. “The authority would like to coordinate with Oman Chamber of Commerce and Industry to clarify for the goods and seeing suppliers to monitor prices and have a database for the goods and services prices in the Sultanate market’s. Therefore, returning the prices as they were before the reduction is not considered as breaching the law in case it did not exceed the original price before reduction,” the statement said.

“During the authority’s continuous follow -up for goods and services prices whether on local , Gulf or International level, it is noticed that the products in the Sultanate’s markets were not affected generally by the international reductions in prices that happens from time to time such as reduction of energy prices, crude prices in some food and other goods. Whereas, this reduction may not be tangible in the Sultanate’s markets like the global markets,” CPA informed.