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Abu Dhabi, UAEFriday 21 September 2018

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

Fuel prices in the UAE for April, 2018 have been announced. Mona Al Marzooqi / The National
Fuel prices in the UAE for April, 2018 have been announced. Mona Al Marzooqi / The National

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

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Read more:

Special report: The day the oil came to Abu Dhabi

Inflation to rise to 3.3 per cent in the UAE as VAT, higher oil prices impact economy

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