Close Menu
    Trending
    • NATO’s Rutte told allies Trump wants Hormuz commitments within days, diplomats say
    • Cloudera Advances Hybrid Data Platform with Long-Term Stability, Elastic Scale, and Open Data Interoperability
    • Gulf nations tighten coordination to safeguard food supplies amid uncertainty
    • Saudi foreign minister discusses over phone regional developments with counterparts of several countries
    • Abu Dhabi patent backs sign language AI — Arabian Post
    • Trump says Iranians should rise up against government if ceasefire declared
    • Azizi Developments and Doka Collaborate on Advanced Car Park for the World’s Second-Tallest Tower
    • Kuwait Denies Radiation Leak Rumors, Confirms Normal Levels
    Kuwaiti Tribune
    • Home
    • Kuwait News
    • Latest News
    • Middle East Updates
    • Saudi Arabia
    • United Arab Emirates
    Kuwaiti Tribune
    Home » Streamlining the Sector, Hamdan bin Mohammed Overhauls Dubai’s Petroleum Trading Rules – Business – Energy
    United Arab Emirates

    Streamlining the Sector, Hamdan bin Mohammed Overhauls Dubai’s Petroleum Trading Rules – Business – Energy

    Kuwaiti TribuneBy Kuwaiti TribuneNovember 28, 2025Updated:May 22, 2026No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In his capability as Chairman of The Govt Council of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, issued Govt Council Decision No. (85) of 2025 regulating petroleum merchandise buying and selling actions within the Emirate of Dubai.

     

    The decision helps Dubai’s imaginative and prescient for financial and environmental safety by regulating actions such because the import, manufacture, storage, transport, sale, and provide of petroleum, consistent with world greatest practices. It goals to curb unlawful buying and selling, mitigate its impression, and safeguard lives, property, and public security.

     

    Provisions of this decision apply to all entities engaged in these actions throughout Dubai, together with particular growth zones and freezones together with the Dubai Worldwide Monetary Centre, apart from corporations exempted by a UAE Cupboard determination.

     

    In line with the decision, the Dubai Supreme Council of Vitality is chargeable for overseeing petroleum buying and selling actions within the emirate. Its duties embrace setting guidelines on competitors and market focus, approving technical requirements and procedures for buying and selling, storage, transport, sale, and use of petroleum, and guaranteeing compliance with well being, security, and environmental necessities.

     

    The Council additionally points, renews, and amends permits primarily based on suggestions from the Petroleum Buying and selling Regulation Committee, determines the quantity and places of gasoline stations consistent with Dubai City Plan, approves requirements for transport automobiles, storage services, and family fuel cylinders, together with security valves and seals, and identifies areas throughout the emirate the place the buying and selling of petroleum merchandise is prohibited, in coordination with the related authorities.

     

    The decision prohibits any individual from participating in petroleum buying and selling actions within the emirate with out authorisation from the licensing authority. Such actions might solely be carried out after the supply of the petroleum supplies has been verified and documentation confirming acquisition from a Council-approved firm has been submitted.

     

    It additionally units out the kinds and validity intervals of permits, the procedures and necessities for acquiring them, guidelines for transporting petroleum supplies between the emirates, establishing retail gasoline stations, and importing petroleum supplies.

     

    The decision requires petroleum buying and selling entities in Dubai to conduct solely their authorised exercise, register within the Petroleum Buying and selling Register maintained by the Ministry of Vitality and Infrastructure, and commerce solely supplies from Council-approved sources that meet technical requirements, until the imported supplies are meant for manufacturing or mixing functions.

     

    Entities should show costs clearly, comply with security and technical requirements for storage, transport, and dealing with, and acquire prior Council approval for any allow adjustments. They have to report any incidents inside 24 hours and hold information of fabric sources for at the least 5 years.

     

    In line with the decision, violations of petroleum buying and selling guidelines incur fines, that are doubled for repeated offences inside one 12 months, as much as a most of 1 million dirhams.

     

    The Supreme Council of Vitality, in coordination with the related authorities, might cancel permits, quickly shut services for as much as 6 months, revoke business licences, and seize, destroy, or re-export petroleum supplies and automobiles that don’t adjust to the principles, in accordance with relevant legislation. Autos present in violation of this decision could also be seized, with disposal carried out consistent with Legislation No. (23) of 2015 regarding the disposal of seized automobiles in Dubai.

     

    The decision stipulates that the violator should take away the reason for the violation, restore the injury, and restore the state of affairs to its authentic situation at his personal expense throughout the set deadline. If he fails to take action, the Council might perform the work at his expense, with an added 25% as administrative prices. The Council’s estimate of those prices is ultimate.

     

    All authorities and non authorities entities within the emirate should absolutely cooperate with the Council and supply any help it requires.

     

    The decision permits the Supreme Council of Vitality in Dubai to delegate any of its tasks to public or non-public entities by means of formal agreements. Current operators should adjust to the decision inside one 12 months from its efficient date, with the choice of a one 12 months extension if authorized by the Chairman of the Council. The Chairman will situation the choices wanted to implement the decision.

     

    Any decision or provision that conflicts with this decision is annulled.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTen people killed during Israeli raid in southern Syria, Syrian state media reports
    Next Article UAE’s 54th Eid Al Etihad: Dubai Police Announce Traffic Guidelines to Ensure Safe Celebrations

    Related Posts

    United Arab Emirates

    Abu Dhabi patent backs sign language AI — Arabian Post

    April 8, 2026
    United Arab Emirates

    Markets sleepwalking into an energy shock — Arabian Post

    March 30, 2026
    United Arab Emirates

    Atmospheric river poised to drench Pacific Northwest this week — Arabian Post

    December 9, 2025
    Add A Comment

    Comments are closed.

    Top Posts

    UAE Firms Commit to Next-Generation V2X for Smart Mobility — Arabian Post

    October 19, 2025

    Abdullah bin Zayed Names Razan Al Mubarak as Special Envoy for Nature – UAE

    September 4, 2025

    Shanghai Commercial Bank Unveils “From Shanghai to Hong Kong, Connecting the World” Exhibition To Mark Its 75th Anniversary — Arabian Post

    October 28, 2025

    DIFC Courts reports increase in number of claims in H1 2025 – UAE

    July 23, 2025

    FTA calls Corporate Tax taxpayers to complete Tax Records, submit Tax Returns, pay Corporate Tax due within specified timelines – Business – Corporate

    August 19, 2025
    Categories
    • Kuwait News
    • Latest News
    • Middle East Updates
    • Post
    • Saudi Arabia
    • United Arab Emirates
    Most Popular

    Nintendo Secures $17,500 Judgment in Piracy Suit — Arabian Post

    November 4, 2025

    Social Affairs Ministry requests Central Bank to resume donations activity

    July 2, 2025

    Dubai luxury real estate booms with $46m sale and 93 per cent surge in ultra-prime deals

    July 3, 2025
    Our Picks

    NATO’s Rutte told allies Trump wants Hormuz commitments within days, diplomats say

    April 9, 2026

    Cloudera Advances Hybrid Data Platform with Long-Term Stability, Elastic Scale, and Open Data Interoperability

    April 9, 2026

    Gulf nations tighten coordination to safeguard food supplies amid uncertainty

    April 8, 2026
    Categories
    • Kuwait News
    • Latest News
    • Middle East Updates
    • Post
    • Saudi Arabia
    • United Arab Emirates
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Kuwaititribune.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.