Petrol prices in the UAE have been rising from February onwards
The UAE fuel price committee announced the petrol and diesel prices for the month of April 2024 on Sunday.
The rates will be applicable from April 1 onwards.
Super 98 petrol will cost Dh3.15 ($ .86)a litre, compared to Dh3.03 ( $ .83)in March, while Special 95 petrol will cost Dh3.03 ( $ .83) per litre, compared to Dh2.92 ( $ .80) last month.
E-Plus 91 petrol will cost Dh2.96 ( $ .86) a litre, compared to Dh2.85 ( $ .78) a litre in March, while diesel will be charged at Dh3.09 ( $ .84) a litre compared to Dh3.16 ( $ .86) last month.
Petrol prices in the UAE have been rising from February onwards, and this is the third consecutive month of increase.
How are petrol, diesel prices determined?
Since 2015, fuel prices in the UAE have been moving in line with the international markets.
Prices are determined by the fuel price committee, chaired by the undersecretary of the Ministry of Energy.
The committee includes members of the energy and finance ministries, as well as CEOs of Adnoc Distribution and Emirates National Oil Company.
The committee, when deciding the fuel pieces, does not rely on just one global market. It considers an average of global prices as well as operating costs of distribution companies.
Source: economymiddleeast