Are UAE gas prices pumped up or below grade?

The Federal National Council has called for lowering petrol prices in the country. But how bad do we really have it?

DUBAI, UNITED ARAB EMIRATES – June 8, 2011:  Customers refuel at an Eppco station in Dubai Festival City.  Fuel shortages spread yesterday from Sharjah and Ajman to Dubai and Ras al Khaimah.  Increased demand at Emarat and Eppco stations that did have petrol sucked their tanks dry, in some cases for more than a week. ( Andrew Henderson / The National )
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This week, a special committee set up by the FNC has suggested the Government should drop petrol prices to merge more in line with the lower rates around the GCC. And while it is true that the UAE has one of the highest pump prices in the region, looking around the world shows we really don’t have it so bad after all. Enjoy your SUV.

View the Oasis chart here.