Oil rally pushes pump prices up

Author: ARAB NEWSTue, 2017-10-03 03:00ID: 1506980317364475800LONDON: Motorists in the UAE and Qatar will pay more for their fuel this month.The pair raised the prices of all kinds of gasoline and diesel in October compared to last month.Oman kept the same price of M91 grade petrol at the level of last month as a ceiling set by the Omani Cabinet. However, it raised the price of M95 gasoline and diesel.The UAE has increased fuel prices for October after similar rises in September and August.The UAE maintained the highest gasoline prices among the Gulf countries. Oman came in second place followed by Qatar, Bahrain, Kuwait and finally Saudi Arabia.The Kingdom is also expected to make adjustments to fuel prices following a rise in the Brent crude international benchmark in recent weeks.This has come following optimism in the market that the oil glut that has weighed on prices over the past three years is being cleared.
Main category: Business & Economy

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