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Petrol is the Most Expensive in the UAE Among the GCC Countries

Middle East : 19 July 2010

The latest pricing structure, announced on July 15, resulted in the UAE charging more for fuel than any other nation in the Gulf Cooperative Council (GCC). This makes the UAE the most expensive oil-rich GCC country.

This year alone, E-plus, the lowest grade of petrol available to motorists has shot up by close to 28 percent. Following an earlier 15 fil a litre increase in April this year, fuel currently costs Dh1.61 per litre. By comparison, the other five members of the GCC pay an average of DH1.51 (Oman), Dh1 (Bahrain), Kuwait (95 fils), Qatar (70 fils) and Saudi Arabia (55 fils).

The petrol price hike of 20 fils per litre announced on Thursday will not affect the cost of taxi prices in the United Arab Emirates.

As this, the latest pricing structure of petrol shot sky high, the Roads and Transportation Authority (RTA), operator of the Dubai Taxi Corporation, stated categorically that it will not affect their rates. The RTA has a minimum fare of Dh10 (US$2.72) and if this was to rise, it would have a huge affect on the lives of many people living in the UAE.

The RTA, which currently has a minimum Dh10 taxi fare, issued a statement after the latest petrol price increase was announced. Peyman Parham Younes, director of Marketing and Corporate Communications for the RTA said that the Authority’s first objective was to provide a service for the public.  They would definitely not be increasing taxi fares in correlation to the petrol price hike, he said.

“We didn’t do it in April either, with the earlier hike,” he said. “The RTA provides a service for the public and we are ensuring in every way possible that the masses take advantage of what we have to offer.”

Commuters who use public transportation were quoted in the national media as saying that while they were shocked by the increase in petrol prices, they would continue to use their cars to get to and from work. Some said that feeder buses did not run frequently enough. Even if taxis did not increase their fares, they would still be pricier.

Andrew Reid, Staff Writer, Gulf Jobs Market News
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