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Oil pinch hurt growing in the UAE as Uber, Sharjah Taxi take cues

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Kumar Shyam

The pinch on the pockets of the UAE residents is starting to hurt badly by the day with rising oil prices and its knockon effects.

As soon as the petrol and diesel prices went up by at least 50 fils for the month of July, ride-hailing company Uber has followed suit.

The company sent out an email on Friday to inform about the fare hike. Uber would charge as much as 11 per cent extra for some trips, the American company added.

The hike is Uber’s second this year in the UAE, after a hike in March but the UAE’s market-linked price for the black gold has continued unabated. The country opted for a dynamic pricing with global trends in 2015. But Russia’s attack on Ukraine has messed all economies around the world.

Yet, petrol in UAE is three times more expensive than in Kuwait and almost double the average cost per litre in the six-member Gulf Cooperation Council, according to a Bloomberg report.

Dynamic pricing

Uber is not alone with Sharjah Taxi also deciding to base their fares with the rise or fall of fuel prices with this month.

The Sharjah Roads and Transport Authority (SRTA) said the meter flag down rate will be increased or decreased every month in direct co-relation with the prices. Petrol prices in the UAE have jumped over 56 per cent since January 2022.

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Also read: UAE ranks first regionally and twelfth globally in growth potential
UAE petrol price to get costlier by 50 fils in July 2022
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Early last month, Suhail Al Mazrouei, Minister of Energy and Infrastructure, had admitted that prices could go higher as Chinese demand is likely to recover significantly while efforts by Opec+ to raise production were not yielding results fast enough.

The latest data showed Opec+ was running 2.6 million barrels a day short of its production target, Mr Al Mazrouei said at the Middle East and North Africa-Europe Future Energy Dialogue in Jordan.

He expects China, the world’s biggest importer and second largest economy, which has been easing its coronavirus lockdowns, to “come with more consumption”.

“With the pace of consumption we have, we are nowhere near the peak because China is not back yet,” Mr Al Mazrouei said. “The situation is not very encouraging when it comes to the quantities that we can bring. We’re lagging by almost 2.6 million barrels a day and that’s a lot.”

 

Dubai most expensive city in the Gulf

Meanwhile, Dubai has been ranked among the world’s most expensive cities to live and work in for expatriates this year, according to the Cost of Living survey by Mercer.

Dubai-expensive The study, which looks at how the rising cost of living has impacted workers’ financial wellbeing in 227 cities worldwide, placed Dubai in the 31st position.

The emirate, which has been seeing a growing influx of millionaires and demand for property recently, emerged as the costliest city in the Gulf Cooperation Council (GCC) region, beating out the neighbouring cities of Riyadh, which landed in the 103rd position, Jeddah (111th place), Manama (117), Muscat (119), Kuwait City (131) and Doha (133).

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Visiting Wafi Mall? Your parking can now be paid through Salik

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Parking at Wafi Mall has gone fully digital.

Parkonic has introduced its ticketless parking system at the popular Dubai mall, allowing motorists to pay parking fees automatically through their Salik accounts or by scanning a QR code before leaving.

When drivers enter the car park, their vehicle’s number plate is automatically scanned, creating a digital parking ticket without the need for paper tickets or parking machines.

Parking charges

  • First 3 hours: Free
  • 3–4 hours: Dh15
  • Each additional hour (or part): Dh10

Parking charges apply Monday to Friday, while parking remains free on Saturdays, Sundays and public holidays.

Drivers who leave and return after using their three free hours will be treated as a new entry. However, to receive another three hours of free parking on the same day, there must be a two-hour gap between visits.

There are no cash payment options or parking machines at the site. Visitors without a Salik account, or those with insufficient balance, must pay using an alternative payment method before exiting.

Loading bay vehicles are eligible for one extra hour of free parking once validated.

Parkonic warned that motorists who fail to pay the required parking fees could face fines, blacklisting or legal action.

The operator has been expanding its ticketless parking network across the UAE, with recent rollouts at West Yas Plaza, Yas Bay, Yas Marina, selected Choithrams stores, Discovery Gardens and Palm Jumeirah Crescent.

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Four-day deadline for Sharjah motorists to claim impounded vehicles

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If your vehicle has been impounded in Sharjah, now is the time to check.

Sharjah City Municipality has given owners of impounded vehicles, machinery, motorcycles and bicycles four days to complete the necessary release procedures or risk having their property sold at a public auction.

The warning applies to vehicles and equipment that have remained impounded for more than six months.

Owners are required to visit the Control and Inspection Department in Industrial Area 5 to resolve the reason for the impoundment and complete the legal procedures needed to recover their property.

After the deadline, any unclaimed vehicles or equipment will be put up for public auction.

To help owners, the municipality has published a list of all affected vehicles on its official website, allowing residents to check whether their vehicle is included before visiting the department.

The move is part of Sharjah Municipality’s ongoing efforts to regulate impounded assets and encourage owners to complete the required procedures within the specified timeframe.


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UAE motorists face Dh500 fine for carrying extra passengers

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Abu Dhabi Police are reminding motorists not to carry more passengers than their vehicle is designed for, warning that overcrowded cars significantly increase the risk of serious injuries and fatal crashes.

Officials said exceeding a vehicle’s approved passenger capacity can leave some occupants without seat belts, reduce the driver’s control of the vehicle and make accidents more likely.

Drivers have been urged to ensure every passenger is seated in a designated seat and wearing a seat belt before setting off.

Motorists caught carrying more passengers than permitted face a Dh500 fine, four black points on their driving licence and seven days of vehicle impoundment.

Abu Dhabi Police stressed that following passenger limits is a basic road safety requirement and reminded drivers that protecting everyone inside the vehicle is a shared responsibility.

The number of passengers per car: 

Most private cars and sedans allow up to 4 passengers plus the driver. Larger SUVs or vans can seat up to 6 to 7 passengers or more, depending on their registered design. 


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