The UAE reduces “domestic gas” prices to protect the local economy

The UAE reduces “domestic gas” prices to protect the local economy
The UAE reduces “domestic gas” prices to protect the local economy

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The UAE reduces “domestic gas” prices to protect the local economy. Today, Tuesday, September 29, 2020, 7:51 pm

The UAE Ministry of Energy and Infrastructure announced an unprecedented reduction in the selling prices of “home” liquefied gas, at an average rate of 24 percent of its market value, in coordination with the Emirates Gas Company of the “ENOC” Group and the Emirates General Petroleum Corporation “Emarat” in a decision aimed at contributing In protecting the local economy and regulating the quality and prices of petroleum derivatives, it will continue to follow market changes to ensure the quality of life for consumers.

According to this decision, “Emirates Gas” will provide LPG cylinders to consumers in and the Northern Emirates, while “Emarat” will provide gas cylinders in Dubai only at prices lower than before, as the 11-kilogram gas cylinder will be priced at 60 dirhams and the cylinder 22 kilograms at a price. 115 dirhams and a 44-kilogram cylinder at 230 dirhams .. While the new prices – which include value-added tax and delivery to consumers – will be applied from the first of next October.

This step confirms the commitment of the Ministry of Energy and Infrastructure, the Emirates Gas and the Emirates General Petroleum Company, “Emarat”, to support the local community, address the risks associated with price disparities, and ensure constant value for customers, in addition to providing high-quality products at reduced prices.

His Excellency Eng. Suhail bin Muhammad Al Mazrouei, Minister of Energy and Infrastructure, affirmed that this decision supports the direction of the state’s strategy aimed at achieving community happiness, raising the quality of life for individuals and supporting them in response to the requirements of the stage imposed by the challenges resulting from the “Covid-19” pandemic, which constitutes a positive turning point and a major support. For all consumer segments.

He said that the decision will, in conjunction with providing the needs of the citizens and residents of the state, meet their requirements of liquefied gas at competitive prices, reducing what is in the public interest of all, and constitutes a qualitative indication of the state’s transition from the past fifty years to the next fifty with all its ability to face challenges and create hopes Aspirations and opportunities for a decent life.

His Excellency indicated that the reduction in liquefied gas prices was not improvised and surprising, but rather was the fruit of a lengthy study and a future strategic view based on the axes of strengthening key contents, most notably the happiness of consumers and achieving the general societal interest as well as the positive reflection of the decision on the economy of the state and members of the local community alike, and its role as well in Improving the country’s global position on various international indicators and enhancing its competitiveness.

His Excellency the Minister of Energy and Infrastructure stated that the UAE government is always keen to ensure the provision of high-quality gas that meets security and safety standards to create a quality of life, stressing that subjecting prices to state control is one of the means available to protect the living standard of citizens and residents on the homeland.

His Excellency valued the cooperation of the Emirates Gas Company of the “ENOC” Group and the Emirates General Petroleum Corporation “Emarat” in reducing gas prices and their societal responsibility that comes in response to the changes and confirms its contribution by providing safe options at a reasonable price as well as providing them with stable value to customers and high-quality products. The infrastructure aims, through its various initiatives and decisions, to achieve the UAE Centennial 2071 and to draw clear features for the axis of “sustainable environment and integrated infrastructure”, which is one of the main axes of the UAE vision 2021 and supports ensuring the continuity of sustainable development, protecting the environment, and achieving a balance between economic and social development and the state’s pursuit of a sustainable environment. In terms of air quality, increased reliance on clean energy and the application of green development.

On his part, HE Saif Humaid Al Falasi, CEO of “ENOC” Group, said: The group is committed to supporting the local economy by ensuring equal opportunities for all partners in the energy sector. Our continuous efforts to regulate the prices of LPG cylinders aim at unifying their prices in the market and enabling customers to purchase cylinders at prices. Less in a way that contributes to easing the financial burdens placed on them, as these joint efforts will have a great impact in protecting national interests by curbing illegal trade and unauthorized activities in the petroleum products and derivatives sector.

In his turn, His Excellency Eng. Ali Khalifa Al Shamsi, Director General of the Emirates General Petroleum Corporation “Emarat”, affirmed keenness – through working with government agencies – to provide and deliver safe LPG cylinders.

He added, “Customer satisfaction and safety are among our top priorities, as the new tamper-resistant seals, direct cylinder delivery and lower prices are our way to urge consumers not to buy from unauthorized dealers, in order to ensure customer happiness, whether at home or in their business.”

It is noteworthy that Emirates Gas and the Emirates General Petroleum Corporation “Emarat” launched a new seal for liquefied petroleum gas cylinders, with the aim of enhancing the safety of consumers and maintaining the availability of high-quality products in the market. In addition to a special serial number that helps prevent unlicensed distributors or unapproved private companies from illegal distribution of LPG cylinders.

Emirates Gas and Emarat are the two companies licensed by the government to fill LPG cylinders at bottling plants in Dubai.

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