Oman producer prices jump 32.7% in Q2 as refined petroleum costs surge

Oman's Producer Price Index rose 32.7% year-on-year in Q2, primarily due to a 31% increase in mining and quarrying, driven by a 31.9% rise in crude oil and natural gas prices. This significant uptick follows a decline in PPI in Q1, highlighting the volatility of Oman’s economy, which remains sensitive to oil price fluctuations despite ongoing diversification efforts.