UAE deregulates fuel prices - GN Headlines - video Dailymotion

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Daily headlines from the UAE and around the world brought to you by Gulf News. UAE deregulates fuel prices. Rains hit north Pakistan. Taylor Swift lead VMA nominations. See more at: http://gulfnews.com/gntv

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00:00Good day. Welcome to the Gulf News update for Wednesday, July the 22nd. Here are the

00:09top stories at this hour.

00:11The Ministry of Energy has announced fuel prices will be deregulated across the UAE

00:15from August 1st, and a new policy linked to global oil prices will be adopted. The decisions

00:20aimed at supporting the national economy, lowering fuel consumption, protecting the

00:24environment and preserving national resources, according to Sahil al-Mazroui, Minister of

00:29Energy. He said a fuel price committee has been set up to review prices against average

00:35international levels prior to their implementation in the Emirates. On the 28th of each month,

00:40the committee will announce the prices for the following month. In line with this decision,

00:45prices of gasoline and diesel for August will be announced on Tuesday, July 28th, based

00:51on average global prices with the addition of operating costs, according to the ministry.

00:57More rains forecast in northern Pakistan after flash floods inundated several villages

01:02in Khyber Pakhtunkhwa and Balochistan provinces. Dozens of people have died, Pakistani media

01:07reported, and hundreds of thousands have been displaced. Pop singer Taylor Swift, British

01:13singer-songwriter Ed Sheeran, R&B singer Beyonce and DJ producer Mark Ronson lead the nominations

01:19for the MTV Video Music Awards, the cable network said. Swift, whose album 1989 was

01:25the best-selling of 2014, earned nine nominations for the awards to be handed out on August

01:3130th. Sheeran garnered six nominations, while Beyonce and Ronson each scored five nods.

01:37And finally, the weather. Today's high across the UAE will be 41 degrees Celsius, dropping

01:41to 32 tonight. That's all for now. Thanks for watching and as always, you can get the

01:45latest news on gulfnews.com

01:55.

UAE deregulates fuel prices - GN Headlines

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