Adnoc cuts diesel price

posted on 13/06/2012: 856 views

The Abu Dhabi National Oil Company (Adnoc) has decided to cut diesel prices outside the emirate by 20 fils, a newspaper reported on Tuesday.

The decision, which was to take effect on Tuesday, will reduce the price to Dh3.10 per litre from Dh3.30, the Arabic language daily Alkhaleej said, quoting sources at Adnoc Distribution.

It did not mention why the decision did not include Abu Dhabi but diesel prices in the emirate are already lower than in the northern emirates.

Adnoc Distribution, which has taken over 74 Emarat petrol pumps in the northern emirate, controls most of the UAE's refining output at its two main refineries in Ruwais and Umm Nar.

Diesel prices in the UAE have sharply fluctuated over the past few years, depending on the oil market.

The latest reported cut followed an increase of 20 fils in diesel prices in the northern emirates in March. – Emirates 24|7

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