The UAE Fuel Price Committee announced petrol prices for October 2024 with a slight decline in total prices. The new prices will apply tomorrow, 1st of October 2024.
Petrol Prices for October 2024 in UAE
Super 98 petrol will cost Dh2.66 per liter, compared to Dh2.90 in September. While Special 95 Petrol will cost Dh2.54 per liter, compared to Dh2.78 last month.E-Plus 91 Petrol will be charged for Dh2.47, compared to Dh2.71 a liter in September.
Furthermore, diesel is experiencing a decline as the liter will be charged for Dh2.6 compared to Dh2.78 in September.
Petrol prices are constantly going through hikes and fluctuations due to the decisions of the Organization of Petroleum Exporting Countries (OPEC), global supply and demand, natural incidents, taxes, interest rates, and conflicts in the region.
It is worth mentioning that Brent crude oil prices were nearly priced to $73 per barrel in September down from $78.63 in August. This major decline was recorded due to the increased supply and Saudi Arabia’s plans to boost production.
Prices for petrol and diesel prices are going through a slight drop this month in the UAE and the new prices will apply from tomorrow, the first of October 2024.
Gold prices in the UAE
Gold prices are peaking in the country, hitting high records. An ounce of gold recorded Dh9,769.40 today compared to Dh9,214.00 at the beginning to September, while 24 Carat is priced at Dh321.50 compared to Dh303.25 per gram last month.
22 carat of gold is priced at Dh297.75 compared to Dh280.75 per gram in September, while 21 carat is priced at Dh288.25 per gram, while it was priced at Dh271.75 last month. Finally, 18 gold carat is priced at Dh247.00 per gram, compared to Dh233.00 per gram in September 2024.
It is worth mentioning that there is a 5% value-added tax (VAT) applied to gold in UAE. Gold prices constantly change based on the price of petrol and the US dollar globally.
Source: albawaba