UAE Lowers Petrolexlm Product Prices
According to UAE press reports, petroleum product prices throughout the seven UAE emirates will be reduced by up to 8.3% with effect from 1 February. This is the first reduction in product prices since May 1983, when increases of up to 36.4% came into effect (MEES, 16 May 1983). The following table compares the new and old prices:
New Old New Old % Price Price Price Price Decrease (Dh/Imp. Gall.) (Cents/Imp. Gall.) Premium Gasoline 4.50 4.90...