Fuel Price in UAE

Fuel Price in UAE

The UAE’s Ministry of Energy issued an announcement on December 12 to notify the public that the prices of all grades of fuel will be increased by 4 fils per liter. It is worth noting that diesel rates are changing regularly every day, depending on the country’s political situation and their oil production. The UAE fuel price committee on Tuesday announced petrol and diesel prices for the month of January 2022. Starting January 1, Super 98 petrol will cost Dh2.65 a litre, compared to Dh2.77 the previous month. Special 95 petrol will cost Dh2.53 per litre, compared to Dh2.66 in December. E-Plus 91 petrol will cost Dh2.46 a litre, compared to from Dh2.58 a litre last month, while diesel will be charged at Dh2.56 a litre compared to Dh2.77 in December. These are ADNOC prices while prices in the open market are from AED 2.20 – AED 2.55

Fuel Price in UAE due to the demand in the market

Diesel rates are often subject to change due to the availability, demand, and supply factors. There should be regular monitoring of rates according to your needs. The saving on diesel will be even more considerable if you consider fuel efficiency, which helps you save money in the long run. Diesel rates in the UAE and in the rest of the region are constantly changing. The region by region variation is influenced by a number of factors, such as demand for diesel in traditional and renewable energy, availability of diesel to meet the fuel needs, international petrodollar levels and stability, commodity prices, geopolitical factors, policies of regional economic blocs and their impact on national borders.

 Fuel Price in Dubai 

Diesel rates change regularly in the market of UAE. The automobile dealers will provide you with the latest prices and there are several online sources that will provide the same information. There is a difference of about 1 Dirham between two consecutive reports but diesel rates fluctuate every week and you should always keep up to date with these changes so that you can take advantage of them and get a good deal. The main reason for the large seasonal fluctuations in diesel prices is that when harvesting or drilling rig operations are less expensive when inventories are high relative to demand, the price remains unchanged.

 

All other factors remaining constant, the price of petrol to diesel will change with the developments in international oil prices. It is really an excellent idea for UAE citizens to be aware of current rates that could help them to cope with the unexpectedly high cost while spending less.