Volkswagen said on Monday it had agreed to pay up to A$127 million ($87.3 million) to settle lawsuits brought on behalf of thousands of Australian customers caught up in its global diesel emissions cheating scandal.
Diesel prices rose by 7 per cent or 14 fils to Dhs2.01 per litre.
The UAE fuel prices will rise for April by 8-9 per cent for gasoline and 3 per cent for diesel including the 5 per cent VAT, as announced by the suppliers.
The price of Super 98 is to drop to Dhs2.16 per litre for March, down from Dhs2.24 in February, while the price of Special 95 is to drop to Dhs2.04 per litre for March, down from Dhs2.12 in February.
Car behemoth Volkswagen will face a German court on Monday, as hundreds of thousands of owners of manipulated diesel cars demand compensation four years after the country’s largest
The Fuel Price Follow-up Committee at the Ministry of Energy and Industry approved the fuel prices for the month of October.
The Fuel Price Follow-up Committee announced that fuel prices rose, while diesel prices remained stable for December compared to November.
The move comes at a time when India is staring at the highest ever tax collection shortfall, as corporate and income tax collection for this fiscal year is set to fall for the first time in at least two decades and the goods and services tax revenue could see a gaping shortfall.
The driver of the tanker reportedly lost control over steering wheel and the vehicle swerved and crashed into a road barrier causing a massive blast sound.