Emirates National Oil Company (ENOC) has dropped the retail price of its diesel to AED3.10 ($0.84) per litre.
The 20-fil ($0.05) reduction has been implemented to bring ENOC’s domestic diesel prices in line with the falling cost of oil on the international stage.
ENOC has stated that the drop represents an attempt to pass on the associated benefits of decreasing oil prices to its customers.
“The international prices of both oil and diesel have continued on a downtrend, which is reflected in our revised price of diesel,” commented Talib Al Saleh, acting managing director of ENOC Retail.
“The further price reduction underlines our commitment to bring the value to our customers by passing on cost efficiencies,” he added.
The move will positively impact the operating costs of ENOC retail customers operating in the commercial vehicles sector. Earlier in the year, the company also introduced Euro 5 diesel at a subsidised rate to facilitate governmental efforts to reduce emissions.
The 20-fil price drop is effective as of today, and is applicable across the entire service station network of ENOC and Emirates Petroleum Products Company (EPPCO) in the UAE.
