Re: Some Facts About Dubai إمارة دبيّ
http://www.zawya.com/story.cfm/sidGN_15092010_160964/Emarat%20running%20out%20of%20petrol
Abu Dhabi: Some of the filling stations operated by Dubai-based oil retailer Emarat are reportedly running out of petrol as the company is rationing the fuel to cut costs arising from high gasoline subsidies, Gulf News has learnt.
“Emarat is finding it difficult to get bank loans to enable it continue to sell petrol below cost, so it’s trying to ration the limited quantity of gasoline it has. The company is incurring a daily loss of about Dh2 million due to the subsidy on the fuel and compensation from other businesses such as convenience stores isn’t enough to cover the losses,” an Emarat source told Gulf News.
“This problem will continue until the government frees petrol prices,” he added.