60% drop in petrol price
May 23rd 2012, 5:08 am
#1
**** it we'll do it live
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Joined: Oct 2004
Location: Dubai
Posts: 7,892
60% drop in petrol price
http://gulfnews.com/news/gulf/uae/go...uced-1.1026645
"Abu Dhabi: A proposal to reduce petrol prices to match other Gulf countries was approved unanimously by the Federal National Council on Tuesday.
"The Federal National Council urges the Government to increase subsidies to petrol and fuel prices so that they match those in other Gulf countries," read the proposal submitted to the Cabinet.
The proposal, which agrees on selling petrol at a blanket price for citizens and foreigners, will not take effect until it is passed by the Cabinet.
An ad hoc committee of the House has demanded petrol prices be brought in line with other Gulf countries — a move that could make prices cheaper by up to 60 per cent. "
excellent
"Abu Dhabi: A proposal to reduce petrol prices to match other Gulf countries was approved unanimously by the Federal National Council on Tuesday.
"The Federal National Council urges the Government to increase subsidies to petrol and fuel prices so that they match those in other Gulf countries," read the proposal submitted to the Cabinet.
The proposal, which agrees on selling petrol at a blanket price for citizens and foreigners, will not take effect until it is passed by the Cabinet.
An ad hoc committee of the House has demanded petrol prices be brought in line with other Gulf countries — a move that could make prices cheaper by up to 60 per cent. "
excellent
May 23rd 2012, 6:33 am
#2
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Re: 60% drop in petrol price
Shame. Other Gulf governments see the UAE as a model to aspire to, in terms of pricing.
May 23rd 2012, 7:04 am
#3
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Re: 60% drop in petrol price
Curious they mention citizens and foreigners... don't be surprised if the final ruling is changed to citizens only....
May 23rd 2012, 7:24 am
#4
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Re: 60% drop in petrol price
there has been talk of these for a long while now, in the beginning it was just aimed at giving the reduction to the locals, but how would you police it (with an ID card perhaps) and so now there is talk for everyone. the price of petrol here is still cheaper than a lot of places, even with the recent price rises, but if it does come down then hopefully the cost of things may do too which would help etc
May 23rd 2012, 8:31 am
#5
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Re: 60% drop in petrol price
there has been talk of these for a long while now, in the beginning it was just aimed at giving the reduction to the locals, but how would you police it (with an ID card perhaps) and so now there is talk for everyone. the price of petrol here is still cheaper than a lot of places, even with the recent price rises, but if it does come down then hopefully the cost of things may do too which would help etc
May 23rd 2012, 8:59 am
#6
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Re: 60% drop in petrol price
they can bloody well reduce the AD taxi rate as well. A 35 dh journey now costs 50 dh
May 23rd 2012, 9:53 am
#7
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Posts: 13,713
Re: 60% drop in petrol price
Quite recently commentators were suggesting that the price of petrol in the UAE should increases as it is a poor economic model for the government to be subsiding the cost. It is being sold for less that the production and distribution costs.
I wonder if this decrease will actually ever take place.
I wonder if this decrease will actually ever take place.
May 23rd 2012, 11:52 am
#8
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Location: Back in the sand
Posts: 1,279
Re: 60% drop in petrol price
All gone now....
Last edited by Welivehere; May 23rd 2012 at 11:55 am. Reason: Read o/p link and was a duplicate of the reason for cuts
May 23rd 2012, 11:52 am
#9
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Re: 60% drop in petrol price
It's sold for considerably more than the production and distribution costs if you're ADNOC, but markedly less than your costs if you're ENOC or Emarat.
May 23rd 2012, 12:21 pm
#11
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Re: 60% drop in petrol price
May 23rd 2012, 1:21 pm
#15
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