Fuel Prices UP again !

Fuel prices at petrol centres could go up by another 40 fils if the local distributors decide to bring them up to match international petrol prices and add their commission and marketing costs,

means adding up to cost of living and daily commuting.

Despite the fact that the local retailers have increased the price of petrol in the UAE by 35 fils since the beginning of the year, the retail price is still more than 20 fils cheaper than conventional regular petrol spotĀ prices in Singapore,.

The basic grade of petrol costs Dh1.72 at local filling stations while refined petrol (Singapore) is available for around $2 a gallon (3.78 litres), which works out to Dh1.94 a litre

– again this blogger fail to understand as to what factors are involved in such hike for an oil producing country – doing a price comparison with non-opec countries & international pricing is not a firm reason to price hikeĀ  –

1 Comment so far

  1. EV Price Wars: Green Cars at Luxury Prices :: EVEVN (pingback) on August 1st, 2010 @ 3:33 pm

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