ENOC reduces diesel retail price by 20 fils

24/10/2014 08:34 AST

Emirates National Oil Company (ENOC) has reduced the price of diesel by 20 fils to Dhs3.50 per litre, effective as of October 21, 2014. 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 reflects the decrease in oil prices in international markets over the recent weeks and following our discussions with petroleum retailers.”

“It highlights our commitment to pass on price efficiencies to our customers, which in turn will benefit the entire business community. We focus on adding value to our customers and consistently seek ways to ensure that they benefit from the favourable trends in the global markets.”

ENOC has also been at the forefront in implementing the UAE Federal Cabinet decision No. 37 of 2013, which mandates the usage of environment-friendly ‘Green Diesel.’ Set by the European Union, the Euro 5 standard ‘Green Diesel’ ensures that emissions from vehicles are limited and are significantly less than emissions from the diesel used in the region.

As of July 1, ENOC is the first organisation in the region to commence the sale of ‘Ultra-low Sulphur Diesel’ across its retail and commercial networks. The service station staff members also advise customers on the benefits of the new diesel fuel.

As part of its commitment to the community, environment, health, safety and quality, ENOC is currently absorbing 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.

WAM