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Qatar Fuel Prices Set to Fluctuate from Next Month BUSINESS | Page 1 SPORT | Page 12 World champions for the INDEX DOW JONES QE NYMEX QATAR 3 – 13, 32 COMMENT 30, 31 Woqod fi rst-quarter Doha 2016 REGION 14 BUSINESS 1 – 9, 15 – 20 17,970.67 10,177.55 43.93 ARAB WORLD 15 CLASSIFIED 10 – 14 net profi t rises -6.57 -6.96 +1.29 INTERNATIONAL 16 – 29 SPORTS 1 – 12 Meeting -0.04% -0.07% +3.03% 3% to QR242.7mn Latest Figures published in QATAR since 1978 WEDNESDAY Vol. XXXVII No. 10071 April 27, 2016 Rajab 20, 1437 AH GULF TIMES www. gulf-times.com 2 Riyals Message from Sultan Qaboos Qatar fuel prices set to fl uctuate HH the Emir Sheikh Tamim bin Hamad al-Thani meeting with Omani Minister of from next month Interior Hamud bin Faisal al-Busaeidi at the Emiri Diwan yesterday. The Omani minister conveyed a verbal message from Sultan Qaboos bin Saeed, related to bilateral relations Monthly prices will be published day of each month, starting May 1. and ways to develop them, to the Emir. HE the Prime Minister and Minister of Interior by the end of each month on According to the Ministry of Energy Sheikh Abdullah bin Nasser bin Khalifa al-Thani attended the meeting. Page 3 the ministry’s off icial website and Industry, the fuel price in Qatar (www.mei.gov.qa) and in all local in May would be as follows: gasoline newspapers (super 97) QR1.30/litre, gasoline (pre- mium 90) QR1.15 and diesel QR1.40. By Pratap John This means the gasoline price next Chief Business Reporter month would remain the same as of ‘Highest priority’ on data now. In January, Woqod had announced uel prices in Qatar will fl uctu- a revision in fuel prices, the fi rst one security, says QNB Group ate in response to changes in the in fi ve years. Fglobal market from May 1, the Sheikh Mishal bin Jabor al-Thani: Under this, the price of gasoline su- Ministry of Energy and Industry an- chairman of the Fuel Prices Review per 97 was increased to QR1.30 a litre, eferring to social media specula- ing the strongest measures possible to nounced yesterday. Committee. an increase of 30% from QR1 previously tion in regard to an alleged data ensure the integrity of our customers’ Sheikh Mishal bin Jabor al-Thani, and the price of gasoline premium 90 to Rbreach, QNB Group clarifi ed information,” the statement said. chairman of the Fuel Prices Review “monthly adjustments do not mean QR1.15 from Dh85 earlier, a hike of 35%. yesterday in a statement that its policy “QNB is further investigating this Committee at the Ministry of Energy that prices will necessarily be in- However, no increase in diesel pric- is not to comment on reports circulated matter in co-ordination with all con- and Industry, said: “Fuel prices in the creased, but rather linked to and af- es was made at that time. via social media. cerned parties. QNB Group’s presence local market will be restructured and fected by the movement, up and In 2014, Qatar raised diesel prices QNB has assured all concerned that through its subsidiaries and associate linked to oil products prices in the in- down, of the actual fuel prices in the for the fi rst time in three years by rais- there is no fi nancial impact on its cli- companies extends to more than 27 ternational market.” global market.” ing the price from QR1/litre to QR1.50 ents or the bank. countries across three continents pro- Every month, he said, a special Monthly prices will be published by for local companies and QR1.80/litre “QNB Group places the highest viding a comprehensive range of ad- committee comprising representa- the end of each month on the minis- for joint ventures. priority on data security and deploy- vanced products and services. tives from various government bod- try’s offi cial website (www.mei.gov. The earlier rate of QR1 a litre had ies, would review fuel prices (gasoline qa) and in all local newspapers, but will been eff ective since late January 2011 and diesel) and make recommenda- be enforced as of 12:01am on the fi rst when distributors suddenly raised the Four Bangladeshis die in road crash tions on proposed prices for the local prices of petrol, diesel and kerosene. market accordingly. Fuel prices in Qatar are still among Four Bangladeshi men were killed in a Hussain (35) and Mohamed Muhid Sheikh Mishal said “pricing would the most aff ordable in the world. road accident yesterday on Al Shamal Uddin (28). Sources said some of their be based on a formula that takes into Qatar was among the last countries Road when their mini-van collided co-travellers suff ered injuries and were consideration price changes of oil in the region to raise fuel prices early Today’s Gulf Times with another vehicle. The accident admitted to hospital. The victims were products in the global market, opera- this year. Saudi Arabia, Bahrain, the includes a 32-page occurred around 8.30am. The four from the Sylhet district of Bangladesh, tional costs related to fuel production UAE and Oman revised their respec- special report on deceased were identified as siblings according to a report posted on the and distribution in the local market tive fuel prices upwards since mid- South Africa Freedom Day Mohamed Islauddin (32) and Mohamed website of Samakal, a Bangladeshi and fuel prices in the region”. 2015, following the fall in crude oil Moinuddin (30) and Mohamed Awlat newspaper. The chairman emphasised that prices in the international market. Gulf Times Wednesday, April 27, 2016 3 QATAR In brief Emir, PM meet CEO of Royal Dutch Shell Emir Issues instruments of ratification HH the Emir Sheikh Tamim bin Hamad al-Thani has issued the following instruments of ratification: 1. Approving a memorandum of understanding on mutual recognition of certificates of competence for workers at sea between the governments of Qatar and Turkey signed in Doha on 2/12/2015. 2. Approving a draft agreement in the field of developing public HH the Emir Sheikh Tamim bin Hamad al-Thani met the CEO of Royal Dutch Shell Ben van Beurden and Managing Director and Chairman at Qatar Shell Companies Michiel Kool, at the Emiri Diwan yesterday. The financial management between meeting reviewed means to enhance co-operation. Right: HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani met the CEO of Royal Dutch Shell Ben van Beurden and governments of Qatar and Turkey Managing Director and Chairman at Qatar Shell Companies Michiel Kool. The meeting reviewed aspects of co-operation and means to enhance and develop them. signed in Doha on 2/12/2015. 3. Approving a memorandum of understanding in the environment field between governments of Qatar and Turkey signed in Doha on 2/12/2015. 4. Approving a draft agreement on air transport between Qatar, Oman sign pact to boost security ties governments of Qatar and Nigeria signed in Doha on 28/2/2016. QNA Interior signed a co-oper- The Emir reciprocated 5. Approving a draft agreement Doha ation agreement between the greetings of Sultan Qa- between governments of Qatar Qatar and Oman in the se- boos and wished further and Nigeria on the avoidance of curity fi eld. progress and development double taxation and prevention atar and Oman Meanwhile, HH the for the Omani people. of fiscal evasion with respect to signed a co-oper- Emir Sheikh Tamim bin The meeting reviewed taxes on income and the attached Qation agreement in Hamad al-Thani received the relations between Qa- draft protocol to it signed in Doha the security fi eld following a verbal message from tar and Oman and means on 28/2/2016. a meeting between HE the Sultan Qaboos bin Said of to promote them, in addi- 6. Approving a draft agreement Prime Minister and Minis- Oman, pertaining to bilat- tion to issues of common on air transport between ter of Interior Sheikh Ab- eral relations between Qa- concern. governments of Qatar and New dullah bin Nasser bin Kha- tar and Oman and means HE the Prime Minister Zealand signed in Doha on lifa al-Thani and Omani to further develop them. and Minister of Interior 9/9/2015. Interior Minister Hamoud The message was con- attended the meeting. 7. Approving an agreement for bin Faisal al-Busaidi in veyed by Omani Minis- Earlier on the Omani technical co-operation between Doha yesterday. ter of Interior Hamud bin minister and his accom- the governments of Qatar and During the meeting, Faisal al-Busaeidi when panying delegation were Mexico signed in Mexico city on they reviewed ties be- the Emir met him at the received at Hamad Inter- 24/11/2015. tween Qatar and Oman and Emiri Diwan yesterday. national Airport by HE 8. Approving a memorandum means to develop them, The Omani Minister the Prime Minister and of understanding between particularly in the security of Interior conveyed the Interior Minister Sheikh Qatar Central Bank and Bank of fi eld, in addition to topics greetings of Sultan Qaboos Abdullah bin Nasser bin Mexico signed in Mexico city on of common interest. to the Emir as well as his Khalifa al-Thani and Om- 24/11/2015. HE the Prime Minister wishes of more progress ani ambassador to Qatar 9. Approving an agreement and Interior Minister and and prosperity for the Qa- Mohamed bin Nasser al- HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani and Omani Interior Minister between governments of Qatar the Omani Minister of tari people.
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