Petrol price hikes will range between 1.6 per cent and 1.8 per cent
UAE petrol and diesel prices to rise in August
Petrol and diesel prices will rise starting on Tuesday.
The UAE Ministry of Energy announced today that consumers will pay Dh1.89 a litre for Super 98, up 1.6 per cent from July’s level of Dh1.86; Special 95 will increase 1.7 per cent to Dh1.78 from Dh1.75; and E Plus will cost Dh1.71, a gain of 1.8 per cent from July’s Dh1.68.
Diesel will go up 2.2 per cent to Dh1.88 from July’s Dh1.84.
The Ministry of Energy began liberalising fuel prices, with the first new setting, for August 2015, using "benchmark prices" that have not been publicly disclosed. Before the new system took effect, prices for the various types of fuel were more widely spread – Super 98 was at Dh1.72 a litre while diesel was at Dh2.90.