By Ayesha Daya
Jan. 20 (Bloomberg) -- Dubai’s retailers will cut the price of diesel by 4.4 percent to 10.85 dirhams ($2.95) as crude oil prices decline, Khaleej Times reported.
Emirates National Oil Co., Emirates Petrochemical Products Co. and Emirates General Petroleum Corp. will reduce the price from Jan. 21, the newspaper reported, citing the companies. Diesel prices have come down 44 percent since July when the fuel was sold at a record 19.25 dirhams a gallon.
To contact the reporter on this story: Ayesha Daya in Dubai adaya1@bloomberg.net
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