Volumes of oil products held in storage at Fujairah have risen to their highest since early June, as a surge in regional demand and preparations for new sulphur regulations on marine fuels drive more supplies into the eastern UAE port

Oil products stocks at the Port of Fujairah rose 2.4 percent on the week to 22.008 million barrels as of Monday, with gains in all categories, according to data exclusively obtained by S&P Global Platts on Wednesday

Oil products stocks at the Port of Fujairah rose 5.2 percent week on week, led by an increase in light ends and middle distillates, according to data exclusively obtained by Platts from the Port of Fujairah

With the decision, 17 per cent sales tax will be collected on petrol, diesel, light diesel and kerosene oil.

The new prices will be implemented after approval from the Petroleum Ministry.

Oil products stocks in Fujairah rose 8.2 percent week on week, rebounding from a five-month low as inventories of light, middle and heavy distillates all increased.