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 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.
In an unexpected development, the pump price of diesel is all set to surpass the petrol price in the capital, making it the most expensive transport fuel for the first time in a long time.
The price of Super 98 will be Dhs1.91 per litre, while the prices of Special 95 will be Dhs1.8 per litre, E-Plus 91 at Dhs1.72 per litre and Diesel at Dhs2.06 per litre as of the beginning of July 2020.
Fuel prices recorded a seventh consecutive hike on Sunday, taking the total increase over the past week to more than Rs4 per litre. Petrol and diesel prices are continuously becoming expensive for the common man with oil marketing companies (OMCs) raising the fuel prices frequently.
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