Economy Local November 18, 2024

Increase in Fujairah Port Marine Fuel Sales

Reports show that marine fuel sales at Fujairah Port rose in October compared to September, but still marked a year-on-year decline for the fourth consecutive month.


Increase in Fujairah Port Marine Fuel Sales

The Ministry of Oil Industry and Mineral Resources of the OAE presented fresh data on the sales of fuel for ships in the port of Fujairah. According to the report, fuel sales in October rose compared to September; however, they showed a decline compared to the same month last year for the fourth consecutive month. The total volume of sales in the third-largest port for fuel supplies in the world, excluding blended materials, amounted to 635,471 cubic meters (approximately 629,500 tons) in October.

Sales increased by 3.3% month-on-month, reaching the highest level in two months, but fell by 2.9% compared to the same month last year. The volume of crude oil sales also decreased.