ADNOC reduces price of diesel as oil price slump continues

ADNOC Distribution says price reduction applies to all service stations across the Northern Emirates from Sunday
ADNOC reduces price of diesel as oil price slump continues
By Andy Sambidge
Sun 08 Feb 2015 01:31 PM

ADNOC Distribution has announced that is has reduced the price of diesel across all its service stations in the Northern Emirates, including Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah.

Effective from Sunday, the price of diesel has been brought down to AED2.90 per litre from the earlier charge of AED3.05 - a reduction of 15 fils per litre, the company said in a statement, as oil prices remain well below $60 a barrel.

On Friday, Emirates National Oil Company (ENOC) said it had cut diesel retail prices by 6.4 percent to AED2.90 per litre across its service station network of ENOC/EPPCO, also applicable from Sunday.

Khalid Hadi, vice president marketing and corporate communications at ADNOC Distribution, said: "The reduction in diesel price reflects the ongoing changes in the global price of oil.

"We have also taken into account the demand of the local market as part of our priority to serve the interests of our consumers better. ADNOC Distribution's decision to effect the price change will also contribute to strengthening the competitiveness of the business sector in the country, specifically in the Northern Emirates."

Hadi added: "ADNOC Distribution will continue to explore opportunities to retail products and services at affordable prices in order to provide a seamless experience to our customers at our network of service stations."

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