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ENOC passes on benefits of further oil price reduction to customers

Close on the heels of a major price drop in diesel last week, Emirates National Oil Company (ENOC) has further reduced domestic diesel prices in line with the international decrease in crude oil prices, passing on benefits to customers in the shortest time possible.

ENOC reduced the price of diesel by an additional 20 fils to Dhs3.10 per litre, effective as of December 30, 2014, 12am. The revised price is applicable across the entire service station network of ENOC and EPPCO.

Talib Al Saleh, Acting Managing Director of ENOC Retail, said: “The international prices of both oil and diesel have continued on a downtrend, which is reflected in our revised price of diesel. The further price reduction underlines our commitment to bring value to our customers by passing on cost efficiencies.”

ENOC is also driving the implementation of the UAE Federal Cabinet decision No. 37 of 2013 that makes the use of environment-friendly ‘Green Diesel’ compulsory.

The Euro 5 standard ‘Green Diesel’ has significantly less emissions compared to the diesel used in the region. ENOC is working with various governmental stakeholders to promote awareness on the importance of the new greener fuel standards.