Middle East Economic Survey
Gasoline Prices Hiked In UAE Under Price Liberalization Plan
UAE gasoline retailers were set to increase the price of gasoline by 20 fils ($0.05)/liter as of 15 July, official news agency WAM announced on 12 July. WAM said the increase is part of a gradual liberalization of prices. The report quoted a statement issued by the companies as saying: The announced rise comes within efforts to gradually mitigate accumulated and growing losses...