Dubai diesel prices drop again
Abu Dhabi, August 28, 2008
Retail prices of diesel in Dubai will be cut further, revealed the emirate's oil retailers, Emirates National Oil Company (Enoc), Emirates Petroleum Products Company (Eppco) and Emarat.
In the sixth straight cut in just over a month to reflect the dip in global prices, diesel prices at the pumps will be down by 50 fils a gallon from September 1, said oil company sources in a Gulf News report.
'The price of diesel will be cut to Dh16.25 per gallon from Dh16.75 per gallon from Monday,' a spokesman for Enoc and Eppco confirmed the news.
Though the three Dubai oil retailers procure diesel at international prices, they adjust the local prices, based on the landed cost of the product.