ABU DHABI: The United Arab Emirates (UAE) will hike the retail price of petrol by 24 per cent but prices will still be low by international standards, a government committee announced on Tuesday.
From Saturday, the price per litre of petrol at the pump will be 2.14 dirhams (58 US cents, 53 euro cents).
However, diesel prices will be cut by 29pc to 2.05 dirhams.
The committee said the prices will be adjusted each month.
Published in Dawn, July 29th, 2015
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