VOL. XXXII

NO. 1

10 OCTOBER 1988

PRICE CHANGES

Oman Suspends PDO Pricing; Sets Provisional Price of $11.50/B forSeptember

The Omani Government has declared that it is suspending its regular pricing system popularly known as 'PDO' pricing - under which prices for term contractcustomers are assessed on a retrospective monthly basis in line with averagespot quotations for the month in question. This decision has apparently beentaken in the light of current widespread price discounting by other Gulf...