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UAE to cut gasoline and diesel prices in January

by ChemOrbis Editorial Team -
  • 29/12/2015 (11:20)
According to media sources, the United Arab Emirates is set to cut its domestic prices for gasoline and diesel in January. The statement came for the Ministry Of Energy on December 28 and suggested a 6% drop on gasoline prices. Meanwhile, diesel prices will fall to 1.61 dirhams per litre in January from 1.83 dirhams.

The country has been working on shifting their fixed subsidized fuel prices as they have been trying to adjust prices monthly in response to global trends.

However, the authorities have not clearly stated if the subsidies would be removed entirely or only partially. For now, it was said that they will be based on average global prices with the addition of operating costs.
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