Bid & Tender
UAE Lowers Oct Gasoline Prices

Date : Sep 29, 2015

The United Arab Emirates will lower domestic prices for gasoline in October, the ministry of energy said on Monday.

 

The price of a litre of octane 95 gasoline will fall 8.7 percent to 1.79 dirhams ($0.4874) at the start of October compared with 1.96 dirhams in September, said the ministry.

 

The domestic diesel price will rise to 1.89 dirhams in October from 1.86 dirhams in September, the ministry said.

 

In July, the UAE said it would raise domestic prices for gasoline and cut them for diesel in a politically sensitive reform designed to save it money and encourage fuel efficiency.