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Oman’s import prices rise 1.2% in Q2 2025, oils and machinery lead gains

The Sultanate of Oman’s general import price index (IPI) recorded a 1.2 percent increase in the second quarter of 2025 compared to the same period in 2024.

TAS News Service

info@thearabianstories.com

Saturday, August 30, 2025

MUSCAT : The rise was largely driven by a 13 percent surge in oils, fats, and waxes, followed by a 9.6 percent increase in machinery and transportation equipment, and a 4.8 percent rise in food and live animals. Miscellaneous manufactured goods also rose by 3.5 percent.

However, the report highlighted significant declines in other categories. Prices of mineral fuels, lubricants, and related materials fell sharply by 20.6 percent, while inedible raw materials excluding fuels dropped 10.7 percent. Chemicals and related materials decreased by 4.8 percent, beverages and tobacco by 2.9 percent, and manufactured goods by 2.6 percent.

When compared to the first quarter of 2025, the general import price index actually fell by 3.4 percent, driven by steep declines in non-edible raw materials (-28 percent), mineral fuels and lubricants (-25.7 percent), and machinery and transport equipment (-5.7 percent). Food and live animals also saw a slight dip of 0.2 percent.

Conversely, several groups posted quarterly gains: beverages and tobacco surged by 15.3 percent, miscellaneous manufactured goods rose 13.3 percent, chemicals increased 2.5 percent, and manufactured goods by 2.4 percent. Prices of oils, fats, and waxes also recorded a marginal uptick of 0.2 percent.

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