The UAE Ministry of Economy has approved
surcharges on credit card payments at petrol stations.

The decision comes five years after the
Ministry had suspended credit card payments in 2007 due to high
surcharge fees.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Last year, the Ministry approved the use of
credit cards at petrol merchants again, but now, pressure from
petrol merchants led the Ministry to allow surcharges on card
payments for fuel.

Petrol merchants will be allowed to charge
AED2.00 ($0.54) for each credit card transaction.

The decision to reinstate credit card payments
and allow surcharges is part of the Ministry’s plans to spur the
UAE’s economic growth, the Ministry and the Supreme Committee for
Consumer Protection said.

Credit card payments for fuel were initially
banned in 2007 because too many petrol merchants complained about
higher operating costs on the back of rising oil prices.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.