Prices of LPG cylinders sold in Dubai, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain, and Fujairah to be reduced.
Prices of LPG cylinders sold in Dubai, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain, and Fujairah have been slashed by 17-20 per cent for a cylinder weighing 50 pounds, said Dr Hashim Al Nuaimi, Director of the Consumer Protection Department.
Dr Al Nuaimi said that gas companies will start reverting to the old prices for a cylinder weighing 50 pounds from January end.
The ministry, he said, shall begin imposing fines up to Dh100,000 starting February 1 against gas companies that fail to abide by the ministry’s rules. He said the ministry held three meetings with gas suppliers, distributors, and traders to discuss and look into the justifications for hiking the prices of LPG cylinders, and ordered them to go back to the prices of 2012. The ministry granted the supplier companies one month grace period ending January 31 to take corrective measures.
“The ministry did not approve of any price rise of LPG cylinder in 2013 and addressed the bodies concerned working in this sector to not levy any price hike this year unless it gives the go-ahead in writing,” he noted.
Al Nuaimi said he rejects all forms of exploitation by distributors of LPG cylinders.
He stated that the gas companies justified the price hike they had applied to an increase in price of crude oil worldwide. It is worth noting that LPG cylinder suppliers all over the country, except the Emirate of Abu Dhabi, had raised prices of LPG cylinder last year with different amounts.