Falcon and Associates

‘Dubai to take fuel subsidy cut in stride’


“On August 1, an increase in petrol charges came into force in Dubai and the rest of the UAE, following the announcement...


“On August 1, an increase in petrol charges came into force in Dubai and the rest of the UAE, following the announcement on July 22 by the Ministry of Energy (MoE) that the government is removing the fuel subsidy it has traditionally paid. Prices at the pump for special grade fuel rose 24% to Dh2.14 ($0.58) per litre and super grade petrol increased by 22.9% to Dh2.25 ($0.61). However, prices will be reviewed on a monthly basis, taking any changes in global oil rates into consideration. Due to fluctuations in market prices, the price of special grade fuel eased to Dh1.96 ($0.53) at the end of August, while diesel rates fell by 29% to Dh2.05 ($0.56) per litre before dropping a further 9% one month later to Dh1.86 ($0.51).”

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Oxford Business Group


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