Dubai's diesel prices hit record
United Arab Emirates: Tuesday, May 20 - 2008 at 14:24
"Diesel prices in Dubai yesterday hit a record Dhs17 ($4.63) per gallon, an increase of Dhs1.20 from Dh15.80 a few days ago, reported Gulf News. The diesel price at Dubai filling stations is currently almost 100% higher than at Abu Dhabi National Oil Co (Adnoc) stations in the capital and northern emirates, where it is Dhs8.6 per gallon. "
The pay increase will be wiped out within 4 months. Just this one step on Diesel is 7.6%. There have already been other steps this year.
All this has yet to filter through into the general inflation but against all this, the salary review simply ensured cheaper pilots for the next year.
I cannot believe there are actually pilots who were happy with their increase. Questionable judgement....