UAE Trims Market-Linked Fuel Prices

The UAE Ministry of Energy has reduced pump prices for transport fuels in the second month of market-linked pricing since the start of a subsidies reduction initiative on 1 August. For September, diesel prices were reduced by Dh0.19/liter and gasoline prices were cut by Dh0.18/liter, or by around $0.05/liter ($1=Dh3.67).

The price reductions, 9.3% for diesel and 8.4% for 95 RON gasoline, reflect price declines for Middle East spot market gasoline...