Enoc's loss is Emarat and Adnoc's gain

Following temporary closure of services at many filling stations run by Enoc and Eppco, Emarat stations witnessed a drastic increase in sales

The Emarat filling stations in the Dubai and across all the northern emirates have witnessed heavy rush and a drastic increase in sales of fuel over the last two weeks, an apparent fallout of non-availability of fuel in other filling stations.

Emarat, a subsidiary of Emirates General Petroleum Corporation, registered a 50 per cent rise in sales over the past two weeks, straining its facilities at many places, Arabic daily Al Ittihad reported.

The rush was particularly heavy in Dubai, Sharjah, Ajman and Umm Al Quwain, while Emarat filling stations in Ras Al Khaima and Fujairah also witnessed a relative increase in demand.

This rise in demand comes following temporary closure of services at many filling stations run by Enoc and Eppco.

According to sources in Emarat, the company has pressed its services on overdrive and continuously stocks its stations with 50 per cent additional fuel.

Since the people are aware of the situation, motorists fill their vehicle tanks daily even if they have enough, in anticipation of more shortage.

Eppco and Enoc filling stations in Dubai, which are operating normally, have also witnessed heavy rush as vehicles from neighbouring emirates make beeline to the stations.

It is understood that all 82 stations run by Eppco-Enoc in Sharjah have been closed down for maintenance reasons, however, no dates of reopening have been announced as yet.

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Comments

  • Khdmohd - Energy expert UAE 25 June 2011 08:16 0 0
    The UAE economy is so strong that petrol prices can be floated with international oil prices . There will be no harm to any one - all prices and incomes will automaticaly adjust to new levels . UAE living standards and GDP are to be compared to countries like USA, UK and Japan and keep away comparision to other GCC countries. The UAE Government is subsidising fuel, but with wisdom and stringent control factors on all retailers.
  • Satish 12 June 2011 20:26 0 0
    All petrol retailing companies (Emarat, Enoc, Eppco) are losing money selling petrol. If they buy petrol at say Dh3 per litre and asked to sell at a price of Dh1.72 per litre, how long can they absorb the losses on a volume of about 10 million litres a day? These 3 companies together may be losing almost Dh10 million everyday. The only way this situation can be improved is by subsidising these companies to the extent of the loss they are suffering on petrol sales.
  • Mohammed 12 June 2011 14:21 0 0
    Why Enoc cannot come out with the real truth?
  • Ali 12 June 2011 13:44 0 0
    I saw only the Emarat closed in my area. Every other pump had petrol. Ghusais and Muhaisnah Emarat stations don't have petrol since Friday. I know 5 of them.
  • Anonymous 12 June 2011 12:08 0 0
    But they must be making more loss on more sale as petrol is subsidies

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