Abu Dhabi, UAEWednesday 12 August 2020

UAE petrol prices announced for August 2020

Drivers will pay the same amount for the fifth month running

The petrol prices for August have been announced for the UAE. Reem Mohammed / The National
The petrol prices for August have been announced for the UAE. Reem Mohammed / The National

The cost of filling up at the petrol pumps will stay the same in August across the UAE.

This comes after prices were also held at the same level in April, May, June and July.

Here is the breakdown of prices per litre:

Super 98: Dh1.91

Special 95: Dh1.80

Diesel: Dh2.06

Petrol prices in the UAE were liberalised in August 2015 to allow them to move in line with the market.

Knock-on effects caused by the coronavirus pandemic continue to cause ructions in world energy markets.

The Opec+ alliance of oil producers led by Saudi Arabia and Russia will begin easing an output restriction from August as demand for crude returns as movement restrictions are lifted in many countries.

The group cut back 9.7 million barrels per day of production until the end of July, but will lower the curbs to 7.7m bpd from August 1, its joint ministerial monitoring committee announced.

Meanwhile, the nine-year low level of oil output recorded in June is set to recover as producers level out supply due to the plunge in demand caused by the coronavirus, the International Energy Agency announced.

Updated: July 28, 2020 05:41 PM

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