Thursday, February 28, 2008

Dubai fuel retailers increase price of diesel to Dh12.80 per gallon

Dubai fuel retailers increase price of diesel to Dh12.80 per gallon By Nadia Saleem, Staff Reporter GULF NEWS Published: February 28, 2008, 00:39

Dubai: Dubai fuel retailers have again increased the price of diesel by 30 fils to Dh12.80 per gallon, making diesel in the emirate almost 50 per cent costlier than in Abu Dhabi.

A manager of a Dubai-based transportation company told Gulf News there had been an average 30-fils increase in the price of diesel every month and this had increased his business costs.

Last month diesel sold at Enoc, Eppco and Emarat filling stations at Dh12.50 per gallon, up from Dh11 in October.

"We have to spend time and resources informing commuters of price increases in transportation and then they become very upset and angry," said the Dubai transport company manager, who did not wish to be quoted.

While Dubai fuel companies have been raising diesel prices for months, Abu Dhabi National Oil Company (Adnoc) has kept the price steady at Dh 8.60 per gallon.

Companies in Dubai have argued in the past that they are forced to revise their prices to match the rising crude prices in world markets.

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