Photo used for illustrative purpose.
The UAE energy ministry has decreased the prices of petrol and diesel for the month of December, taking effect on Dec.1.
These prices include a value-added tax of 5 per cent.
The December’s new price of a litre of Super 98 petrol will be sold at Dhs3.30 per litre in all fuel stations. It was Dhs3.32 per litre in October.
The price of a litre of Special 95 petrol will be sold at Dhs3.18. In October, it was Dhs3.20.
Diesel will be sold at Dhs3.74. It was Dhs4.01 in October.
The price of Opec basket of thirteen crudes stood at US$79.93 a barrel on Monday, compared with US$83.80 the previous Friday, according to Opec Secretariat calculations.
The Opec Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).Opec oil output has fallen in November, led by top exporter Saudi Arabia and other Gulf members, after the wider Opec+ alliance pledged steep output cuts to support the market amid a worsening economic outlook.
Located in Muzairah and Homa in Sharjah, the service stations are part of the 12 stations scheduled for completion in Sharjah by the end of the year to meet the increasing demand for fuel and automotive services in the Emirate.
The price of E-Plus 91 rose by 0.4 per cent for May to Dhs2.11 per litre, up from Dhs2.10 in April. Diesel prices dropped by 2.2 per cent for May or five fils to Dhs2.17 per litre, down from Dhs2.22 in April.
Located in Al Rahmaniya residential area on the E611, both service stations are part of a larger plan to construct 12 new stations in Sharjah by the end of the year to meet the increasing demand for fuel and automotive services in the emirate.
Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (Adnoc), the Korea National Oil Company (KNOC) and GS Energy, and one of Adnoc’s youngest operating companies, announced that it has begun producing crude oil
Bilateral trade between the United Arab Emirates and the Royal Kingdom of Thailand is set to soar to higher heights with the establishment of the UAE-Thai Business Council
Sharjah Airport experienced a remarkable growth in the previous year achieving the Authority’s primary objectives of revamping the Emirate’s tourism
Mohammed Juma’a Al Musharrakh , Chief Executive Officer of the Sharjah FDI Office (Invest in Sharjah), highlighted the rich investment options and promising opportunities