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Is the current petrol shortage a sign of imminent price hike?

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Sharjah Transport Company has received information that fuel prices are set to rise by 33 per cent following three weeks of shortage in Sharjah and Northern Emirates, a UAE daily reported today. A report in ‘Emarat Al Youm’ quotes sources at Sharjah Transport Company as saying any petrol price hike could hit its business, adding that the company has received information that prices could be raised to Dh10 from Dh7.5 per gallon – or 33.33 per cent.