UAE Domestic Gasoline Prices Raised
The UAE on 17 April raised domestic gasoline prices in reaction to the sharp rise in international crude prices. The price of premium gasoline rose from Dh4/gallon to Dh4.75/gallon, an increase of 19%. Regular gasoline now costs Dh5.25/gallon, up 5% from Dh5/gallon. The last increases were introduced in March 2001 (MEES, 2 April 2001). A joint statement from UAE petroleum marketing companies on 16 April said that in view of the...