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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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New RTA permit makes it easier to rent a luxury car with chauffeur in Dubai 

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Dubai’s Roads and Transport Authority (RTA) has introduced the ‘Takamul Permit’ — a groundbreaking new initiative that is aimed at integrating luxury car services with the car rental industry. Whether you’re a resident, tourist, or businessman, Dubai is making it easier than ever to experience its luxurious lifestyle.

What’s the Big Deal?
With this permit, limousine transport companies and car rental firms can team up like never before, offering customers the chance to rent high-end rides with chauffeurs for up to one month. That means effortless access to elite, chauffeur-driven experiences—all under RTA’s top-tier regulations.

The Rules of the Road
Jamal Al Sadah, Director of Commercial Transport Activities at RTA, revealed that the initiative ensures smooth operations and compliance. Companies must follow strict regulations, including registering rental contracts and listing drivers on the Transport Activities Rental System (TARS).

Why It Matters?
Dubai is already known for its luxury offerings, and this move solidifies its position in premium transport solutions. Whether you’re heading to a business meeting, a five-star hotel, or a VIP event, Takamul Permit has got you covered.

(Source: Wam)

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UAE  motorist alert: Major parking fee, peak-hour rate changes coming in April

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Dubai motorists will soon experience significant changes to parking fees across the city as a new dynamic pricing system takes effect in April. Whether commuting to work or attending a major event, drivers must prepare for varying charges that could impact their daily travel expenses. 

Here’s a breakdown of the upcoming adjustments and what they mean for motorists:

New Variable Parking Rates

Starting early April, Parkin, Dubai’s parking management company, has announced a shift to a time-based tariff system for premium parking spots in all public zones. The key change: Peak-hour parking will cost Dh6 per hour.

Peak Hours Mean Higher Costs

Drivers parking during busy times should expect increased charges:

  • 8 am to 10 am and 4 pm to 8 pm – Premium parking will be charged at Dh6 per hour.
  • Full-day parking rates in designated zones will also see a rise:
    • Zone B: Dh40 per day
    • Zone D: Dh30 per day

Higher Fees for High-Demand Locations

Parkin will also implement special rates for areas hosting major events or conferences. If you plan to park in these zones, expect to pay up to Dh25 per hour.

Impact on Drivers

The introduction of variable pricing means parking costs will depend on when and where you park. Peak-hour charges aim to reduce congestion and encourage off-peak travel. For those who frequently drive during rush hours, adjusting schedules or exploring alternative transportation options could help save money.

A Citywide Shift in Traffic Management

The parking fee update isn’t the only change coming to Dubai’s roads. Parkin’s sister company, Salik, has also rolled out dynamic toll gate pricing, adjusting rates based on traffic flow during peak and off-peak hours. This coordinated effort aims to create a seamless system to manage demand and improve traffic movement across the city.

Plan Ahead and Stay Informed

Dubai’s parking and toll systems are becoming increasingly time-sensitive. Drivers should stay updated on peak pricing schedules and plan accordingly to avoid unexpected costs. As April approaches, keeping an eye on the clock and your parking choices will be more important than ever.

Dubai Drivers Brace for New Parking Fee Changes Starting April

Dubai motorists will soon experience significant changes to parking fees across the city as a new dynamic pricing system takes effect in April. Whether commuting to work or attending a major event, drivers must prepare for varying charges that could impact their daily travel expenses. Here’s a breakdown of the upcoming adjustments and what they mean for residents and visitors.

New Variable Parking Rates

Starting early April, Parkin, Dubai’s parking management company, has announced a shift to a time-based tariff system for premium parking spots in all public zones. The key change: Peak-hour parking will cost Dh6 per hour.

Peak Hours Mean Higher Costs

Drivers parking during busy times should expect increased charges:

  • From 8 am to 10 am and 4 pm to 8 pm. Premium parking will be charged at Dh6 per hour.
  • Full-day parking rates in designated zones will also see a rise:
    • Zone B: Dh40 per day
    • Zone D: Dh30 per day

Higher Fees for High-Demand Locations

Parkin will also implement special rates for areas hosting major events or conferences. If you plan to park in these zones, expect to pay up to Dh25 per hour.

Impact on Drivers

The introduction of variable pricing means parking costs will depend on when and where you park. Peak-hour charges aim to reduce congestion and encourage off-peak travel. For those who frequently drive during rush hours, adjusting schedules or exploring alternative transportation options could help save money.

A Citywide Shift in Traffic Management

The parking fee update isn’t the only change coming to Dubai’s roads. Parkin’s sister company, Salik, has also rolled out dynamic toll gate pricing, adjusting rates based on traffic flow during peak and off-peak hours. This coordinated effort aims to create a seamless system to manage demand and improve traffic movement across the city.

Plan Ahead and Stay Informed

Dubai’s parking and toll systems are becoming increasingly time-sensitive. Drivers should stay updated on peak pricing schedules and plan accordingly to avoid unexpected costs. As April approaches, keeping an eye on the clock and your parking choices will be more important than ever.

(Source: GN)

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Traffic jams? Not in Dubai: Soon AI-powered signals to slash delays on roads

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Dubai is about to level up its roads with next-gen AI-powered traffic signals, designed to slash congestion and make your commute smoother than ever.

The Roads and Transport Authority (RTA) has kicked off work on its futuristic UTC-UX Fusion system, which will bring artificial intelligence, predictive analytics, and digital twin technology to major intersections across the city. 

And the best part? The upgrade is expected to be fully rolled out by mid-2026.

RTA is going all-in on smart tech to keep Dubai’s streets moving, promising faster travel times, fewer jams, and priority lanes for emergency vehicles and public transport.

Smarter and faster traffic flow

Hussain Al Banna, CEO of RTA’s Traffic and Roads Agency, says the AI-powered system will cut intersection delays by up to 20 per cent, making life easier for everyone – from daily commuters to cyclists and pedestrians.

Here’s what you can expect from Dubai’s futuristic traffic lights:

  • Predictive AI: The system will anticipate traffic movements and adjust signals in real time.
  • Digital Twin Tech: Dubai’s roads will get a virtual twin to test signal changes before rolling them out.
  • Smart Car Communication: Future-ready signals will talk to smart vehicles, ensuring seamless traffic flow.

With AI calling the shots, Dubai’s roads are about to get faster, safer, and more efficient than ever before. Buckle up – the future of traffic is here.

(Source: RTA)

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