The price of petrol and oil will change in the UAE in May.
This is so that the committee in charge of deciding the nation’s fuel pricing can decide the rate at the end of each month.
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Prices frequently change in a manner that corresponds to broad world trends.
The price of Brent futures and US West Texas Intermediate (WTI) oil have been largely stable during the previous month, so it is anticipated that there won’t be much fluctuation.
UAE petrol prices
The current rate, which was chosen by the committee in March, is as follows:
- Super 98 petrol costs Dhs3.01
- special 95 petrol costs Dhs2.90
- E-Plus 91 fuel costs Dhs2.82
- diesel costs Dhs3.03
The first time that the price of petrol in the UAE went beyond Dhs4 was in June of 2022.
The cost of a litre of Super 98 rose to an all-time high of Dhs4.63 in the month of July.
Following that, prices kept falling during the months of August, September, and October.
fuel and petrol costs in the United Arab Emirates
The following month had an increase, which was subsequently followed by a fall in November and December.
The nation’s government liberalised fuel pricing in 2015, bringing domestic prices into line with those of the world’s oil markets.
A group that deals with fuel costs has met once a month for the past seven years to discuss and present new prices.
The government has great hopes that this action will boost the number of individuals who utilise public transport in addition to giving people an incentive to adopt alternative energy.
