Abu Dhabi Weather

Friday, April 23, 2010

Fuel Cost

The unthinkable has happened. Fuel prices in the UAE are being increased a whopping 11%. We are going from a price increase of 1.37 dirham per liter (US$1.40 per gallon or 35 yen per liter) to 1.52 dirham per liter (US$1.56 per gallon or 38 yen per liter). An email campaign is calling for a boycott and rightfully so. This is terrible, is going to severely hurt the average person's ability to fill their car, and is completely unfair!

All joking aside, there are some people who this my hit hard. The fuel prices have been set for a long time without allowing for market forces to take effect. This article is suggesting that in the end it could be good. However, for some people just barely getting by, an 11% increase will hurt, just as increases have hurt in other countries. As for me, I'll keep filling my SUV to drive to work solo.

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