In the United Arab Emirates, an unusual situation has developed: the price of gasoline has fallen below the price of water. It is reported that the main reason is the sharp drop in global oil prices.
Currently, a liter of the base fuel grade Special costs about $0.4. For comparison, a liter of sweet carbonated drink in the UAE costs almost $0.8, and a liter of mineral water costs $2.15.
As The National newspaper writes, such a noticeable reduction in fuel prices worries not only local sheikhs and oil corporations, but also environmentalists. Nature defenders in the Emirates express concern that due to cheap gasoline, the incentive to switch to more environmentally friendly cars will practically disappear.
