Eid Gift : Petrol price to rise !!!
To all who just thinks petrol companies are making loss selling petrol at lower price locally.
The matter of of the fact is only ADNOC distribution sells petrol processed from local crude oil of Abu Dhabi. EPPCO/ENOC, Emarat and Emirates import crude oil from Qatar and other Gulf countries since hay days. Now that international crude price got sky high, they are after Sheikh Khalifa to increase petrol selling price so that they can survive their business.
Until now ADNOC's production costs is below $8 a barrel and they were making profit then and now. The only problem lies with Dubai's EPPCP/ENOC, Emarat which imports crude oil from other countries. I have heard until recently Emirates started to focus just on jet fuel buying form Abu Dhabi.
May EPPCO/ENOC, Emarat and Emirates buy petrol from Abu Dhabi and not raise the price again, because I am one of many hit really hard by recession and further hurt by petrol price hike. I am now struggling with my business more than before . May they listen my prayer. Ameen
The matter of of the fact is only ADNOC distribution sells petrol processed from local crude oil of Abu Dhabi. EPPCO/ENOC, Emarat and Emirates import crude oil from Qatar and other Gulf countries since hay days. Now that international crude price got sky high, they are after Sheikh Khalifa to increase petrol selling price so that they can survive their business.
Until now ADNOC's production costs is below $8 a barrel and they were making profit then and now. The only problem lies with Dubai's EPPCP/ENOC, Emarat which imports crude oil from other countries. I have heard until recently Emirates started to focus just on jet fuel buying form Abu Dhabi.
May EPPCO/ENOC, Emarat and Emirates buy petrol from Abu Dhabi and not raise the price again, because I am one of many hit really hard by recession and further hurt by petrol price hike. I am now struggling with my business more than before . May they listen my prayer. Ameen
- Ozimandius
- UB Super Member
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- Joined:09 Aug 2008, 5:13 pm
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And I just bought a 4.0 tank!