Gasoil markets

Gasoil markets have started the month of March on a strong note as price levels have increased significantly in line with crude prices for Brent touching $40/barrel on 7th of March.

UAE price levels have jumped by 1 Dirham per gallon from mid February to current levels and we could see further increases if crude oil remains at or around $40/bl.

Dubai Oil & Gas Company LLC has commenced the delivery of diesel to a select number of clients, one of which is Emaar Properties- a holding comprising of generators, firefighting pumps and other units that rely on diesel for back up electricity supply. 

We intend to offer a similar service to other UAE based real estate projects and we have are in negotiations with some large property developers in the region to do the same.