The UAE is subsidising part of petrol prices for low-income citizens, as it introduces an “inflation allowance” amid rising costs of basic goods and services in the country.
The new allowance will provide a monthly subsidy of 85 percent of the fuel price increase over AED 2.1 per litre, state news agency WAM has reported.
The move is part of the UAE president’s directive to restructure its social welfare programme for low-income Emiratis, effectively doubling its size to AED 28 billion.
