Relief for motorists as UAE petrol prices to stay same in April
Ministry of Energy and Industry today released the fuel prices inclusive of VAT for next month
Filling up your car at the pumps will cost you the same amount in April - unless you're driving a diesel in which case you will pay less.
The Ministry of Energy and Industry today released the fuel prices inclusive of VAT for next month:
• Super 98: Dh2.33 a litre
• Special 95: Dh2.22
• Diesel: Dh2.40 (down from Dh2.43 in March)
Fuel prices were liberalised about two years ago and now prices move with the market. Prices in the UAE fell about 1 per cent when the previous announcement was made for sales from March 1.
Brent for May settlement dropped 47 cents to $69.64 a barrel on the London-based ICE Futures Europe exchange this morning.
The oil price has risen in seven out of the last nine months and has increased by more than 4 per cent this year, making this the third consecutive quarter of gains, which is the longest stretch since late 2010, Reuters reported.
Wondering how fuel prices are then calculated? Read our explainer
Updated: March 28, 2018 08:38 PM