United Arab Emirates' fuel retailer Emarat may have to pay a premium for fuel purchases, traders said, after a payment problem led to a gasoline shortage at service stations last week and worried potential suppliers.
Local media reported last week that around 60 of Emarat's 170 service stations across Dubai and the northern emirates were running low or dry after delivery problems at the firm's depots due to what Emarat officials described as a logistical problem. [ID:nLDE73J07D]
But three industry sources said trading house Vitol [VITOLV.UL], one of Emarat's term suppliers, had refused to discharge a fuel cargo at the port, after Emarat delayed a payment.
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