By Matthew Brown
Aug. 18 (Bloomberg) -- Dubai will cut the price of diesel to 17.25 dirhams ($4.70) a gallon from 17.75 dirhams after oil costs declined, Gulf News reported, citing unidentified officials from Emirates National Oil Co.
Diesel prices declined 10.3 percent since July 29, the Dubai-based newspaper reported. Oil reached a record $147.27 a barrel on July 11, and has since declined 22 percent to $115 today.
To contact the reporter on this story: Matthew Brown in Dubai at mbrown42@bloomberg.net
Monday, August 18, 2008
Dubai to Cut Diesel Prices After Oil Falls, Gulf News Reports
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