UAE

UAE Again Reduces Gasoline Prices Following Subsidy Cuts

The fuel pricing committee of the UAE Ministry of Energy has again reduced the price for gasoline, in its third month of market-linked pricing. Prices for all three gasoline grades were reduced by Dh0.17/liter ($0.05/liter), equivalent to cuts of 8-9%. The price for diesel was raised, however by Dh0.03/liter or 1.6%.

As with pricing for September, announced at the end of August, the gasoline mark-downs reflect the direction of...