Cook­ing gas price slashed by Dh2 across UAE

The Pak Banker - - BUSINESS -

DUBAI: Adnoc Dis­tri­bu­tion has an­nounced the new retail price of un­sub­sidised LPG cylin­ders for this month. Now, 25lb cylin­der costs Dh42 while 50lb cylin­der costs Dh83 com­pared to its pre­vi­ous prices Dh44 and Dh88 re­spec­tively. The an­nounce­ment was made af­ter a monthly re­view of oil prices in the pre­vi­ous 30 days. This re­view takes place on the tenth of each month and the new prices are ef­fec­tive in the next one month. Re­flect­ing the slug­gish price trend on the in­ter­na­tional oil mar­ket, LNG prices are also de­pressed bring­ing price cuts to con­sumers.

The UAE is world top pro­ducer of LPG with nine mil­lion met­ric tonnes of out­put a year, which finds its mar­kets in the high growth economies of China, In­dia, Ja­pan and Korea fu­el­ing their economies. Khalid Hadi, vice pres­i­dent of mar­ket­ing and cor­po­rate com­mu­ni­ca­tions divi­sion at Adnoc Dis­tri­bu­tion said: "The new prices re­flect the global surge in the pric­ing of the prod­uct." He said: "Adnoc Dis­tri­bu­tion is com­mit­ted to mon­i­tor­ing the mar­kets as well as fol­low­ing up with all rel­e­vant stake­hold­ers in the UAE to guar­an­tee fair im­ple­men­ta­tion of the new pric­ing. The com­pany wishes to re­it­er­ate its pri­or­ity to pro­vide best-in-class prod­ucts and ser­vices at the most fair prices to its loyal cus­tomers." For hold­ers of Ra­hal e- Gas cards, Adnoc Dis­tri­bu­tion of­fers LPG cylin­ders at sub­sidised prices - Dh20 for 25lb cylin­ders and Dh30 for 50lb cylin­ders, across Abu Dhabi and the North­ern Emi­rates.

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