VOL. XLV

No 29

22-July-2002

UAE

Petroleum Product Distributors Request Price Rises

Distributors of gasolineand other petroleum products in the UAE have asked the government to approveprice rises to avert further losses caused by strong crude prices and thehigher costs of running gas stations. The Abu Dhabi National Oil Company forDistribution (ADNOC-FOD) joined other distributors in the country in submittingthe demand. We have made a joint recommendation to the Federal Government toagree on...