You can scratch off "cheap fuel" as one of the reasons to work in UAE.
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You can scratch off "cheap fuel" as one of the reasons to work in UAE.
Starting August 1:
UAE oil price deregulation: How it will work | GulfNews.com
http://gulfnews.com/business/sectors...st-1-1.1554150
UAE oil price deregulation: How it will work | GulfNews.com
http://gulfnews.com/business/sectors...st-1-1.1554150
Last edited by yada.yada.yada; 22nd Jul 2015 at 09:53. Reason: add second link
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I am confused too.
How can they say it is deregulated. The price of fuel will now be decided by a group which includes government representatives and the bosses of the local fuel distribution companies. They will ensure the price set will enable the petrol companies to continue to make a "reasonable profit". What they believe to be a reasonable profit is anyone guess.
The price of diesel is set to drop. Who are the main users of diesel. Government and big business running their diesel machinery. So their fuel bill will go down and who will subsidise that?? The rest of us with higher fuel costs.
Sounds regulated to me. Or am I missing something.
Hey, but don't worry, my fair and just yearly pay rise will offset any further expenses......... Won't it?.........
J
How can they say it is deregulated. The price of fuel will now be decided by a group which includes government representatives and the bosses of the local fuel distribution companies. They will ensure the price set will enable the petrol companies to continue to make a "reasonable profit". What they believe to be a reasonable profit is anyone guess.
The price of diesel is set to drop. Who are the main users of diesel. Government and big business running their diesel machinery. So their fuel bill will go down and who will subsidise that?? The rest of us with higher fuel costs.
Sounds regulated to me. Or am I missing something.
Hey, but don't worry, my fair and just yearly pay rise will offset any further expenses......... Won't it?.........
J
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If...
If you're jetlagged waking up in a hotel bedroom do watch the slagging of the "environmental" grounds for this change on your BBC Business World.
Enjoy.
Enjoy.
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If your reasons for coming to the ME were simply for cheap petrol as per the thread title, you must have real problems in your home country!
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Actually the thread title says "one" of the reasons, and I think the point is simply that it's yet another rise in the cost of living and another change to the negative, the list of which is becoming several pages long.
Death by a thousand cuts.
Just gotta get one of them three-wheeled bikes like you see tooling around Satwa. I think the basket will even hold a Stealey-wheelie. Problem solved.
Death by a thousand cuts.
Just gotta get one of them three-wheeled bikes like you see tooling around Satwa. I think the basket will even hold a Stealey-wheelie. Problem solved.
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Do companies like BA, AF, LH ect. give their crew an extra on the salary to pay for their cars expensive fuel? Do they increase/decrease it as the price of fuel increase/decrease?
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Do companies like BA, AF, LH ect. give their crew an extra on the salary to pay for their cars expensive fuel? Do they increase/decrease it as the price of fuel increase/decrease?
short flights long nights
What people that do not work for EK fail to appreciate is that there has been no pay rise since 2008. Since that time, inflation has been rampant, and the pilots have given huge productivity gains for no reward.
The only answer from managment has been...if you don't like it leave.
The managers on the other hand, have continued to reap huge bonuses as they continue to screw even more from the pilots.
You can only stretch the elastic band so far, until it snaps so hard, it hurts you.
The only answer from managment has been...if you don't like it leave.
The managers on the other hand, have continued to reap huge bonuses as they continue to screw even more from the pilots.
You can only stretch the elastic band so far, until it snaps so hard, it hurts you.
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I was told some time ago that the reason diesel was priced so highly in the UAE and Oman was because unscrupulous dealers were filling their tankers with subsidised diesel (before the price was artificially raised) and taking it over the border to Yemen and selling it at much higher prices. Now that the governments here are realising that subsidisation is unsustainable, and they start to subject all the fuel types to market forces, voila, the price of diesel should come down from and petrol should go up. That's the theory.
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I just filled up the other day and it worked out to $2.33 USD/gallon. The average price across the US is around $2.95. Even though the US is one of the cheaper countries right now, its still a good benchmark.
The proof will be in the next price review. If it increases anymore, its a very clear signal that this place is heading for financial meltdown again.
BUT the good news is that everything is wonderful! Just like when we didn't have to possibly divert the other night because the weather was fine.
The proof will be in the next price review. If it increases anymore, its a very clear signal that this place is heading for financial meltdown again.
BUT the good news is that everything is wonderful! Just like when we didn't have to possibly divert the other night because the weather was fine.
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Ok, question: I would be interested in how much this increase affects each one of you over a month, or a year at the current (new) cost? Purely interested as a comparison.
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Lots of variables with that question, but there are two people in our household sharing a 3.2L SUV that does about 18,000Km a year. In the last 12 months the petrol bill came to about 3,500Dhs, or about £50/$80 a month. It will now be 25% higher than that. It won't bankrupt us and it won't stop us going out but it is probably a sign of things to come and has to be factored in to all the other rising costs in Dubai, along with the stagnant wages.
I imagine if you have children to run around you could easily double my fuel bill.
I imagine if you have children to run around you could easily double my fuel bill.
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The issue is not today.
The real rub is if the price is now tied to the market price of oil - all time lows.
So if oil doubles again - logic dictates that the pump price will increase substantially - otherwise it would be subsidized again which the UAE govt can no longer afford.
My HEMI is my last.
f.
The real rub is if the price is now tied to the market price of oil - all time lows.
So if oil doubles again - logic dictates that the pump price will increase substantially - otherwise it would be subsidized again which the UAE govt can no longer afford.
My HEMI is my last.
f.