By Andy Sambidge
Consumer protection chiefs give go-ahead to oil companies to restart card payments
The UAE said on Wednesday it would allow oil companies to add a AED2 surcharge to credit card payments for fuel.
The Supreme Committee for Consumer Protection has agreed to allow the move, reversing a decision last year which prevented companies from imposing surcharges as commission on the value of purchase.
Mohammed Ahmed Bin Abdul Aziz Al Shehhi, undersecretary of Ministry of Economy, announced the decision in comments published by state news agency WAM.
The committee was briefed last year on the re-introduction of the use of bank cards to buy fuel which was suspended four years ago because of high costs incurred by petrol companies.
The committee issued a set of recommendations, saying it will arrange meetings with Visa and MasterCard to agree on an "appropriate solution".
AL Shehhi said strategic decisions made by the Ministry and the Supreme Committee for Consumer Protection "highly supported consumer rights" and boosted economic competitiveness and growth in the UAE.
not fair !!!