Dubai, UAE — The UAE’s Ministry of Energy announced new fuel prices for August 2024 on Wednesday, implementing an increase across various fuel categories. This monthly adjustment, effective from August 1, sees a rise of up to 6 fils per litre compared to July’s rates.
The Fuel Prices Monitoring Committee, responsible for setting these rates, adjusts them monthly based on the average global oil price, accounting for the operating costs of distribution companies. This latest increase will affect all vehicle owners, with the cost of filling a tank rising noticeably for different vehicle categories.
Detailed Breakdown of New Fuel Prices
Super 98 petrol has risen to Dh3.05 per litre, up by 6 fils from Dh2.99 in July. Special 95 petrol now costs Dh2.93 per litre, a 5 fils increase from the previous Dh2.88. E-plus 91 petrol sees a similar rise, now priced at Dh2.86 per litre, up from Dh2.80 in July.
Here’s a comprehensive comparison:
| Category | Price per litre (August) | Price per litre (July) | Difference |
|---|---|---|---|
| Super 98 petrol | Dh3.05 | Dh2.99 | 6 fils |
| Special 95 petrol | Dh2.93 | Dh2.88 | 5 fils |
| E-plus 91 petrol | Dh2.86 | Dh2.80 | 6 fils |
Impact on Consumers
For consumers, this price hike translates to a higher cost for a full tank of petrol, depending on the vehicle type. Compact cars, sedans, and SUVs will all see increases in their refueling expenses.
Compact Cars
Compact cars, with an average fuel tank capacity of 51 litres, will experience the following cost changes:
| Category | Full tank cost (August) | Full tank cost (July) |
|---|---|---|
| Super 98 petrol | Dh155.55 | Dh152.49 |
| Special 95 petrol | Dh149.43 | Dh146.88 |
| E-plus 91 petrol | Dh145.86 | Dh142.8 |
Sedans
Sedan owners, with an average tank capacity of 62 litres, will pay more for a full tank:
| Category | Full tank cost (August) | Full tank cost (July) |
|---|---|---|
| Super 98 petrol | Dh189.1 | Dh185.38 |
| Special 95 petrol | Dh181.66 | Dh178.56 |
| E-plus 91 petrol | Dh177.32 | Dh173.6 |
SUVs
SUV drivers, who typically have a larger tank capacity of 74 litres, will see the most significant increase:
| Category | Full tank cost (August) | Full tank cost (July) |
|---|---|---|
| Super 98 petrol | Dh225.7 | Dh221.26 |
| Special 95 petrol | Dh216.82 | Dh213.12 |
| E-plus 91 petrol | Dh211.64 | Dh207.2 |
Calculating the Cost Impact
Based on these changes, filling up a compact car with Super 98 petrol in August will cost Dh155.55, compared to Dh152.49 in July, marking an increase of Dh3.06. For a sedan, the cost rises by Dh3.72, while SUV owners will face a Dh4.44 increase for a full tank of Super 98 petrol.
Keeping Informed
With these fuel price adjustments, it’s crucial for UAE residents to stay informed about the latest changes and their implications. The UAE’s fuel prices are set according to global market trends, ensuring a transparent and regulated approach to fuel cost management.
Conclusion
The fuel price hike for August 2024 signifies a notable shift for UAE motorists, affecting their monthly budgets. The adjustment reflects global oil market trends, and while the increase may seem minor per litre, the cumulative effect on full tank costs is significant. Consumers are advised to plan their fuel purchases accordingly and stay updated on future price changes.