Abu Dhabi, 12 July 2010: Local petroleum products distributors have decided to increase the price of a litre of petrol by 20 fils from Thursday, July 15, at all fueling stations across the UAE.
A statement issued on Monday by the distributing companies said the increase is part of liberalisation of prices and their gradual rise. “The announced rise comes within efforts to gradually mitigate accumulated and growing losses these companies are sustaining due to continuous surge in cost of the product,” the statement added.
