UAE Fuel Prices Increase for August 2024
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UAE Fuel Prices Increase for August 2024
Motorists in the UAE to Pay More at the Pump
The UAE’s fuel price committee has announced an increase in petrol and diesel prices for August 2024. This marks a shift from the previous two months, which saw price declines.
Breakdown of New Prices:
- Super 98: AED 3.05 per litre (up from AED 2.99 in July)
- Special 95: AED 2.93 per litre (up from AED 2.88 in July)
- E-Plus 91: AED 2.86 per litre (up from AED 2.80 in July)
- Diesel: AED 2.95 per litre (up from AED 2.89 in July)
The price adjustments reflect current trends in the global oil market. The UAE government regularly reviews fuel prices to ensure alignment with international benchmarks.
Impact on Consumers:
The price increase is likely to impact transportation costs for residents and businesses in the UAE. While the increase is relatively small, it comes at a time of rising inflation.
Looking Ahead:
It remains unclear whether fuel prices will continue to rise in the coming months. The global oil market is subject to constant fluctuations, and the UAE’s fuel price committee will continue to monitor the situation and adjust prices accordingly.
