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The sudden spurt in the value of diesel has put the consumer on the back foot. The UAE may be a front-runner when it comes to global oil production but it is the price of diesel that has virtually doubled in Dubai in the past year.
The retailers are buying their crude in the international market and it is the common man who will bear the brunt of this increase.
When costs in operating industrial machinery, or transportation, or even something as simple as the expenses involved in operating a fishing boat go up, then the subsequent escalation sprays out across all spheres of day-to-day life.
Prices of locally grown food products and supplies coming in from the region will also witness a sudden hike. Diesel is the preferred fuel and therein lies its worth.
The immediate solution lies in adopting realistic price regulations. Both Dubai and Abu Dhabi apply different rates, but the value in Dubai has accelerated from Dh8 to Dh17 per gallon over the past year.
The consumer seeks some sort of reprieve: even if it is to deter him from driving and queuing up at gas stations in the neighbouring emirates.
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