THE IMPACT OF FUEL PRICE ON SMES IN OMAN
KHALID M. AL FAZARI
Oman Oil Marketing Company SAOG, Oman.
VEENA TEWARI *
University of Technology and Applied Sciences, Oman.
*Author to whom correspondence should be addressed.
Abstract
Fuel is one of the commercial commodities in Oman as it is the main country income and affect both the macro and micro economy of a country. The decrease in fuel prices in Oman resulted in the increases in charges imposed by the government in various services. Small and medium-sized enterprises (SMEs) are essential for creation and generation of new employment opportunities. Higher priority has been given on government project as they are more secured and various companies handling government project are receiving delayed payments. This has increased the challenges facing the SMEs in Oman and the research has aimed to examine these factors to identify the impact on the performance of the small and medium scale organizations.
Keywords: Fuel price, SMEs, employment opportunities, Oman market