ENOC reduces diesel retail price by 20 fils to AED 3.30 per litre
Emirates National Oil Company (ENOC) has reduced the retail price of diesel by 20 fils to AED 3.30 per litre, effective as of Thursday, December 18, 2014, 12am. The revised price is applicable across the entire service station network of ENOC and EPPCO.
Burhan Al Hashemi, Managing Director of ENOC Retail, said: The reduction in the price of diesel is in line with the international price trends for crude and refined products and comes after a thorough evaluation of the market and discussions with petroleum retailers.
At ENOC, we are consistently seeking opportunities to bring price benefits and provide added value to our customers. This move will benefit the entire community and underlines our commitment to strengthening the competitiveness of the UAE and the welfare of the people, he added.
ENOC has joined hands with government stakeholders to ensure usage of ultra-low sulfur Green Diesel, pioneering the implementation of the UAE Federal Cabinet decision No. 37 of 2013. Set by the European Union, the Euro 5 standard diesel ensures that emissions from vehicles are limited and are significantly less than those from conventional fuels.
As part of its commitment to the community, environment, health, safety and quality, ENOC has absorbed the additional cost involved in distributing the low-emission diesel. ENOC is also working with various governmental stakeholders to promote awareness on the importance of the new greener fuel standards.
