UAE fuel prices to fall in Jan. 2016

Dubai-Mubasher: The UAE’s gasoline and diesel prices are likely to decline month-on-month in January 2016, according to Matar Al Nyadi, Undersecretary of the UAE’s Ministry of Energy.

He added in a tweet on his official account that the Fuel Price Follow-up Committee will hold its regular meeting to review fuel prices.

In July, the ministry announced that fuel prices will be deregulated and a new pricing policy linked to global prices will be adopted.

Mubasher Contribution Time: 27-Dec-2015 06:03 (GMT)