Abu dhabi: In his capacity as Chairman of The Executive Council of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has issued Executive Council Resolution No. (85) of 2025, aiming to regulate petroleum products trading activities in the Emirate of Dubai. The resolution is aligned with Dubai's vision for economic and environmental security by overseeing the import, manufacture, storage, transport, sale, and supply of petroleum. It focuses on curbing illegal trading and ensuring the safety of lives and property.
According to Emirates News Agency, the resolution applies to all entities engaged in petroleum trading activities across Dubai, including special development zones and freezones, with exceptions for companies exempted by a UAE Cabinet decision. The Dubai Supreme Council of Energy is tasked with supervising petroleum trading activities, setting rules on competition and market concentration, and ensuring compliance with health, safety, and environmental standards.
The resolution specifies that the Council will issue, renew, and amend permits based on recommendations from the Petroleum Trading Regulation Committee. It will also determine the number and locations of fuel stations, approve standards for transport vehicles and storage facilities, and coordinate with relevant authorities to identify areas where petroleum trading is prohibited.
Engaging in petroleum trading activities in Dubai requires authorisation from the licensing authority, with activities permitted only after verifying the source of petroleum materials and submitting documentation from a Council-approved company. The resolution outlines the types and validity periods of permits, procedures for obtaining them, and rules for transporting petroleum between the emirates.
Entities must register in the Petroleum Trading Register, trade only Council-approved materials, display prices clearly, adhere to safety standards, and report incidents within 24 hours. Violations incur fines, doubled for repeated offences, up to AED1 million.
The Supreme Council of Energy may revoke permits, close facilities, and seize non-compliant materials and vehicles. Violators must rectify violations at their own expense or face additional costs. Cooperation with the Council is mandatory for all entities.
The resolution grants the Council authority to delegate responsibilities to public or private entities. Existing operators have one year to comply, with a possible extension upon approval. Any conflicting resolutions are annulled, and the new regulation is effective upon publication in the Official Gazette.