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Abu Dhabi, UAEMonday 17 December 2018

Adnoc LPG increases for September

Rates increase for the month following the rise in oil prices

Retail prices for unsubsidised liquefied petroleum gas (LPG) cylinders will increase this month by 5.7 per cent, Adnoc Distribution said on Sunday.

Prices for the fuel, also known as butane, is announced on the 10th of each month, with September totals going up to Dh55 per 25 pound tank and Dh110 per 50 pounds. “Our competitive LPG cylinder prices are set every month to reflect adjustments in international market prices for LPG,” said Saeed Al Rashdi, the Adnoc Distribution acting chief executive. “With our customers at the heart of our business, we are determined to build on our eminent reputation for delivering an excellent, client-focused service while meeting the nation’s energy needs and helping to sustain its rapid growth.”

Subsidised rates remain the same, Dh20 for 25Ib and Dh30 for 50Ib across Abu Dhabi and the Northern Emirates.

LPG is a byproduct of crude oil which is why it fluctuates with the oil prices. Mr Al Rashdi said last month that the prices set take into account the interests of national stakeholders, consumers and household customers while also reflecting fluctuations in international LPG prices.