DUBAI // Drivers will pay less at the petrol pumps from next Tuesday.
E-plus (91-octane) petrol will come down in price by 8.7 per cent, from Dh2.07 to Dh1.89 a litre; Special (95) by 8.4 per cent from Dh2.14 to Dh1.96; and Super (98) by 8 per cent from Dh2.25 to Dh2.07.
Diesel will fall 19 fils to Dh1.86 per litre, a drop of more than 9 per cent. This is on top of the drop in price at the beginning of this month, by 29 per cent in Dubai and the Northern Emirates and 12 per cent in Abu Dhabi.
The changes on September 1 will be the second since the price of fuel was deregulated in July.
It is now set each month by an independent committee chaired by a Ministry of Energy official and including the chiefs of the fuel companies Adnoc and Enoc, which decides on retail prices based on international markets.
The prices announced on Thursday are a partial reversal of the committee’s first decision in July, when petrol prices rose by about 24 per cent from August 1.
Drivers welcomed the September price cuts, although many said they had not been concerned about price deregulation. “It really did not make much difference to me, and I don’t think it’s individuals who are greatly affected by such decisions,” said Samar Mohammed, 26, who lives in Dubai.
“I think these decisions have more effect on big businesses that need large amounts of fuel. In turn, however, these businesses might raise prices to cover operating costs and, in turn, that will affect us, the consumers.”
Samar Othman, 25, who lives in Ajman, had also not been affected by this month’s increase, but she hoped prices would remain constant.
“I work at a university in Ajman and I also live there, so you can imagine that whether they increase or decrease the fuel prices, it won’t have a direct effect on me,” she said.
“People who drive long distances would definitely benefit from next month’s decrease.”
American expatriate Michael Atmeh, 26, who lives in Dubai, said the price drop next month made him consider using his car more often.
“Right now, I find it more convenient to take public transport,” he said. “The increase in fuel prices did not affect the costs of public transport, which remained a better alternative for me.”
Relying on his car to take him outside Dubai, however, meant the price drop would have an effect on him.
For Rana Ibrahim, 32, who commutes from Ajman to Dubai for work, the drop would ease the strain on her monthly outgoings.
Now, she spends about Dh50 on her daily travel.
“I really felt the difference, because Dh65 would last me for two days. Whereas now, I fill gas on a daily basis,” she said.
“The decrease is a very good thing not only for motorists but residents, in general. With the increase of fuel and diesel prices, operating costs will increase, and then we can end up paying more for many things, including electricity.”
The pricing committee has not said which benchmarks it follows to set the prices, but the cut for next month reflects the average decline in petrol and diesel futures prices in New York over the past month.
dmoukhallati@thenational.ae
THE LOWDOWN
Romeo Akbar Walter
Rating: 2/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Robby Grewal
Cast: John Abraham, Mouni Roy, Jackie Shroff and Sikandar Kher
Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
THE SPECS
Engine: 3.5-litre supercharged V6
Power: 416hp at 7,000rpm
Torque: 410Nm at 3,500rpm
Transmission: 6-speed manual
Fuel consumption: 10.2 l/100km
Price: Dh375,000
On sale: now
'Nope'
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Killing of Qassem Suleimani
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
THE SPECS
Engine: 2.0-litre 4-cylinder turbo
Power: 275hp at 6,600rpm
Torque: 353Nm from 1,450-4,700rpm
Transmission: 8-speed dual-clutch auto
Top speed: 250kph
Fuel consumption: 6.8L/100km
On sale: Now
Price: Dh146,999
The bio:
Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.
Favourite food: My mum’s Chinese cooking.
Favourite film: Robocop, followed by The Terminator.
Hobbies: Off-roading, scuba diving, playing squash and going to the gym.
UFC%20FIGHT%20NIGHT%3A%20SAUDI%20ARABIA%20RESULTS
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How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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6026 – Dh 200
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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