Emirates National Oil Company, ENOC, which is headquartered in Dubai, yesterday announced that it has reduced the price of diesel by an additional 20 fils to Dh3.10 per litre, effective as of December 30th, 2014.
A statement issued by ENOC yesterday says that the decision is in line with the international decrease in crude oil prices, passing on benefits to customers in the shortest time possible. The revised price is applicable across the entire service station network of ENOC and EPPCO.
Talib Al Saleh, Acting Managing Director of ENOC Retail, said, "The international prices of both oil and diesel have continued on a downtrend, which is reflected in our revised price of diesel. The further price reduction underlines our commitment to bring value to our customers by passing on cost efficiencies." Meanwhile, Emirates General Petroleum Corporation, Emarat, yesterday lowered diesel prices by 20 fils a litre across all their service stations to Dh 3.10 per litre.
ENOC is also driving the implementation of UAE Federal Cabinet decision No. 37 of 2013 that makes the use of environment-friendly ‘Green Diesel' compulsory.
The Euro 5 standard ‘Green Diesel' has significantly less emissions compared to the diesel normally used in the region. ENOC is working with various governmental stakeholders to promote awareness of the importance of the new greener fuel standards.