Fuel prices in the UAE has been increased for the month of August-2019 with the petrol and diesel price per litre going up by 7-8 fils.
The price of Super 98 rose to Dhs2.48 per litre for May, up from Dhs2.23 in April, while the price of Special 95 rose to Dhs2.34 per litre for May, up from Dhs2.11 in March.
Fuel prices in the UAE dropped by 5-10 fils for September compared to August.
India’s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said.
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.
Tehran fire department spokesman Jalal Maleki said a fuel tanker was unloading at the station at Pirouzi Street when it caught fire.
New petro stations are located in the densely populated areas of Al Nahda, Sharjah Industrial Area 3 and Al Yarmook.
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.
The Fuel Price Follow-up Committee at the Ministry of Energy and Industry approved the fuel prices for the month of October.
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.