UAE petrol prices set for second rise since April

Fuel companies will increase the price of fuel by 20 fils a litre from Thursday.

PRICE RISE: Fuel is set to rise for the second time since April on Thursday. (Getty Images)

PRICE RISE: Fuel is set to rise for the second time since April on Thursday. (Getty Images)

Fuel distribution companies in the UAE are set to increase the price of fuel by 20 fils a litre from Thursday, the official news agency WAM reports.

A statement issued today by the distributing companies said the increase is part of liberalisation of prices and their gradual rise.

''The announced rise comes within efforts to gradually mitigate accumulated and growing losses these companies are sustaining due to continuous surge in cost of the product,'' the statement added.

This is the second fuel price rise since April when petrol costs rose by 15 fils a litre.

An Arabian Business at the time found that 70 percent of people were against petrol price hikes in the UAE.

A total of 61.2 percent of respondents to the online poll said the increase, which came into force on April 21, would hurt their finances "a lot".

In January, Emirates National Oil Company (ENOC) called for an end to controls on petrol prices, saying it has been hit financially by rising costs for crude oil.

Saeed Khoory, the company's chief executive, reportedly said that the company was losing money with every sale at its 170 service stations in the UAE while the prices were fixed.

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Please post responsibly. Commenter Rules

Posted by: Telco guy

@Marwan no offense, but if you think that the fines will teach the driver of the cars you described a lesson.... check this newspaper. 1000 dhms for driving on two wheels in SZR.

Posted by: Marwan

It is very hard to drive small cars because many people here look at your car and then act!. i.e. If you are driving an economical car here it?s like you are 'inhuman' and anyone behind you specifically if it?s a luxury SUV will stick behind your tail and keeps on flashing pushing you away like a bowling bowl hitting its target (you will feel insulted of course) I admire RTA's actions and believe they must place at least two times more radars in Dubai, the new ones which calculate the average speed/distance from several points (this way bad drivers will spend a fortune and learn their lessons) + enforce strict punishments on people who cause accidents and take them to court + control drivers under alcohol consumption. I have never felt secure driving an economical car in Dubai, I sometimes feel depressed because of the dodgy driving style of many drivers. A four cylinder car coasts 117 dirham to fill, I feel sorry for land cruiser owners who have big families and can?t minimize their car size.

Posted by: Ahmad

I will be happy to drive a lancer or sunny. But is there any safety driving small cars in SZR? Road accident deaths in UAE are the highest in the world.. I drive a modest 2.4Ltr CRV.. what more do you expect us to do??? I had strong doubts when they suddenly changed from gallon to litre!! we were told it was the conversion was in line with International practices!! If it was in gallons and the increase was .90 fils per gallon there would have been huge cry.. I guess many people feel .20 per litre is not much!!!

Posted by: Sara

UAE is many a times called as "Oil producing nation" on CNN, BBC etc. Its amazing to see such a price rise... I can understand other things getting expensive because of country growth but doesnt mean to enjoy life in a country you pay more for even things which cost couple of cents to the producers... This hike is just a pocket filling tactic of the companies

Posted by: sultan

instead of being against the petrol price hike, just go economic by using smaller engines - smaller cars - you will save energy, money = saving the environment!

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