UAE petrol prices to bump up in September

Higher oil prices will have motorists paying more at the pump in September

DUBAI, UNITED ARAB EMIRATES – June 8, 2011:  Customers refuel at an Eppco station in Dubai Festival City.  Fuel shortages spread yesterday from Sharjah and Ajman to Dubai and Ras al Khaimah.  Increased demand at Emarat and Eppco stations that did have petrol sucked their tanks dry, in some cases for more than a week. ( Andrew Henderson / The National )
Powered by automated translation

Fuel costs for cars will be up to 7 per cent higher for UAE residents starting on Friday, following the publication of new prices from the Ministry of Energy.

The UAE Ministry of Energy announced on Tuesday that consumers will pay Dh2.01 a litre for Super 98, a 6.3 per cent hike from last month’s figure of Dh1.89.

Special 95 will increase 6.7 per cent to Dh1.90 from Dh1.78, and E Plus will cost Dh1.83, up 7 per cent from August’s Dh1.71. Diesel prices will rise to Dh2, a 6.4 per cent jump from last month.

The latest petrol prices are, on average, nearly 16 per cent more than prices seen for the same month last year.

_________________

Read more:

_________________

Petrol and diesel are made from crude oil, which means that the price of oil impacts the price to fill up a car tank. Brent crude, the international benchmark, has traded at an average of just under $52 a barrel so far this month, around 10 per cent higher than in August 2016.

The UAE government liberalised the cost of fuel in 2015 using “benchmark prices”, a method that has not publicly been disclosed.

_________________

Read more: