Gasoline prices regulation seen supporting economic activity – MENAFN.COM

Gasoline prices regulation seen supporting economic activity – MENAFN.COM

(MENAFN - Gulf Times) * Regulation on both grades of gasoline prices can support local economic activity as well as citizens and residents In the past, the distribution companies were for refined petroleum derivatives (fuels) such as gasoline (regular and super), diesel, jet fuel and liquefied petroleum gas used in homes, transport and industry. And these national companies are fully-owned by the government, for example in Qatar. We had National Petroleum Company for Distribution; NODCO was responsible for the local distribution and filling operations. When it was merged with Qatar Petroleum, it was called Qatar Petroleum Refinery. In the past, fuel prices were subsidised by the government. These refined petroleum derivatives were distributed in the local market with the surplus exported. Currently, Qatar Petroleum Refinery produces two grades of gasoline, namely, first-class gasoline (91 octane) and premium gasoline (95 octane), and they are produced at the Mesaieed Industrial Area. It is pumped through the pipeline to the Doha warehouses in the Abu Hamour area, where distribution is carried out. The surplus of both grades – 91 and 95 octane gasoline – is exported to the world market. These refined petroleum products are stored and distributed through Qatar Fuel