Diesel prices to rise 15 fils from Sunday

Raise diesel prices by 15 fils from Sunday. (AP)

Petrol suppliers in the UAE intend to raise diesel prices by 15 fils from Sunday, the seventh price hike in nearly 18 months, local reports said on Thursday.

Eppco, Enoc and Emarat, the leading petrol distributors in Dubai and other northern emirates, agreed to lift the price to Dh2.90 from Dh2.75 per litre as from Sunday, Albayan Arabic language daily said.

It said the three companies, which get some of their supplies through imports, reached the agreement at their recent meeting in Dubai.

“The decision follows the recent surge in petrol prices in global market,” it said, quoting Khaled Hadi, information chief at Enoc.

“It is the seventh increase since June 2009…but it is a slight rise compared with the existing global petrol prices…this increase is subject to periodical review and could be cut in case global prices decline.”

Hadi urged transport companies not to take advantage of this increase to “randomly” raise their fees, adding that this would adversely affect trade, contracting and other sectors in the UAE.

 

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