Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) has announced further reduction in the prices for the refilling of LPG cylinders across the northern emirates of Sharjah, Ajman, Fujairah, Ras Al Khaimah and Umm Al Quwain.
The price of refillable LPG gas cylinders, with a capacity of 25 lbs(11.3kg), has been reduced to Dhs50 from the previous rate of Dhs54. ADNOC has also reduced the price for refilling cylinders with a capacity of 50lbs(22.6kg) to Dhs100 from Dhs105.
This is the second reduction that has been announced in the last two months by the government-owned oil and gas firm.
ADNOC had slashed the price of 25 lbs refillable cylinders from Dhs61 earlier this year to Dhs54 while it reduced the 50 lbs cylinder retail prices from Dhs122 to Dhs105.
“The reduced prices, which reflect the shift in prices of LPG in global markets, emphasise our commitment to our widening base of customers in the emirate of Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah,” said said Khalid Hadi, vice-president of marketing and corporate communications, ADNOC Distribution.
“Moving forward, we will continue to explore areas that offer added convenience to our consumers.”
ADNOC Distribution currently provides more than 3,000 subsidised 25 lbs gas cylinders daily at its service stations in Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. Moreover, holders of Rahal ‘E-Gas’ cards in the northern emirates are authorised to get subsidised gas cylinders.
The price cut follows a recent directive from the UAE’s Ministry of Economy which ordered LPG companies in the country to reduce the price of cooking gas cylinders by 30 to 35 per cent by February 1.
UAE distributors had increased the cooking gas prices in December 2013, citing reasons of a steep hike in global gas prices. However, the ministry said that no approvals were given to LPG companies to hike prices and asked them to bring the prices back to 2012 levels.