Fuel prices in the United Arab Emirates are too high and should be brought down to match levels in other Gulf countries according to a proposal by an advisory council's committee, daily newspaper Gulf News said on Monday.
"The petrol price in the UAE is the third highest in the Arab world after Syria and Tunisia, which does not fit a country that is ranked seventh in the world with an oil reserve of 97.8 billion barrels or 6.65 percent of the world's oil reserve," the paper quoted the committee's report as saying.
The committee suggested fuel prices in the UAE, one of the world's top five oil exporters, should be brought down either by a direct cash subsidy for Emiratis or a general subsidy for petroleum products.
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