Abu Dhabi: Dubai oil retailers - Emirates National Oil Company (Enoc), Emirates Petroleum Products Company (Eppco) and Emarat - have decided to cut the price of diesel by 50 fils a gallon at the pumps effective from October 12, oil company sources told Gulf News on Friday. Enoc and Eppco Group Brand and Marketing Manager, Khalid Hadi, confirmed the news on behalf of the two companies. A spokesman for Emarat wasn't immediately available for comment. "As of October 12, the price of diesel will be reduced to Dh15.25 a gallon, down from Dh15.75 a gallon, a reduction of 50 fils per gallon," said Hadi. The cut, when effective, will mark the oil retailers' eighth straight cut in diesel prices since July 28. Diesel was selling at Dh19.25 a gallon, an all-time high, on that date. Since then, prices in Dubai have steadily been going...
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