FIL is a small player, with an expected market share of less than 1%.
The UAE Central Bank said they have not discontinued minting the 1
fil, 5
fils, and 10
fils coins.
The price at the pump for diesel and kerosene was increased to 120
fils per litre in 2016 as part of a plan to hike it by 20
fils each year until 2019.
And the 1, 5 and 10
fils coins are rarely used but are still legal tender.
For water usage, the rates will remain at 25
fils per unit for up to 60 cubic metres (first water category), 80
fils for 61 to 100 cubic metes (second water category), and 200
fils for 101 cubic metres and above (third water category).
The price will increase by another 20
fils to reach 140
fils with effect from January 1, 2015.
For water usage between 451 cubic metres and 1,000 cubic metres it will cost 500
fils, 600
fils, 700
fils and 750
fils respectively, followed by 750
fils for 1,001 cubic metres and above.
A year later consumers will pay 160
fils per litre - with the new price taking effect on January 1, 2016.
Small groceries, big supermarkets and even banks don't have small change - 5
fils, and 10
fils.
The National Oil and Gas Authority (Noga) yesterday announced that diesel would be sold at 180
fils per litre from January 1, 2017.
Abu Dhabi: The Abu Dhabi Department of Economic Development (ADDED) on Thursday said that a small change of 10
fils and 5
fils can be rounded off to 25
fils and traders should not charge customers more than 20
fils in addition to the bill amount.
Not a single bank could provide coins smaller than 25
fils.