UAE: Petrol prices set to decline in August

Prices of petrol are set to fall around the United Arab Emirates in August in spite of sustained high global oil prices.

Prices of petrol are set to fall around the United Arab Emirates in August in spite of sustained high global oil prices.

Motorists have witnessed a major increase at the pumps in the last few months, including a 16% rise in April, a 13% increase in June and an 11% rise in July. 


The breakdown cost per litre for August will be as follows: 

• Super 98: Dh4.03 — dropping from Dh4.63 in July (a fall of 13%)

• Special 95: Dh3.92 — reducing from Dh4.52 in July (a fall of 13%)

• Diesel: Dh4.14 — declining from Dh4.76 in July (a fall of 13%)

• E-plus 91: Dh3.84 — decreasing from Dh4.44 in July (a fall of 13.5%)

The cost announced by the Fuel Price Committee of the UAE in July was the highest so far since 2015, when they were liberalised to enable them to move in line with the market. 


Earlier, in 2020, prices were frozen by the Fuel Price Committee after the start of the COVID-19 pandemic. 

The controls were then removed in March 2021 to reflect the market’s movement. 

The increase in fuel prices in the Emirates has led to some motorists to look for alternative modes of transport. 

Around 52% of UAE residents are thinking to switch to hybrid or electric vehicles, found a survey by Audi Abu Dhabi in May. 

While worldwide oil prices have given up most of the gains reported after Ukraine’s invasion by Russia during late February, Brent, the worldwide benchmark for 2/3rd of the world’s oil, is still up more than 35% in 2022. 

Brent settled 2.1% higher at $103.97 per barrel at the close on Friday, July 29. 

The gauge that tracks US crude, West Texas Intermediate, ended up 2.3% at $98.62 per barrel.

The next meeting of the Opec (Organisation of the Petroleum Exporting Countries) and allied led by Russia, jointly called Opec+ to take place on Wednesday, August 3. 



Please enter your comment!
Please enter your name here

Read More

Dubai: People queued at 4 am to get signature Adidas x Ravi Restaurant shoes

People in Dubai are queuing up in the middle of the night outside The Dubai Mall's flagship Adidas store at 4m on Thursday, 23 June, to get the Adidas x Ravi Restaurant shoes as they were to go on sale at 10 am.

Egypt: NMEC hosts delegation from China and Malaysia

The National Museum of Egyptian Civilization (NMEC) in Fustat has recently welcomed Mr Li Qun, the head of the Chinese National Archaeology Authority and the deputy minister of culture and tourism of China

UAE: Back to school, five changes in COVID-19 rules

Since the Covid-19 pandemic hit, The academic year 2022-23 marks the beginning of the UAE's most regular schooling. Covid-19 rules have been eased, and all activities have been resumed.


Pakistan FHC CTA Raghavan comments on olive branch offer made to India

India: Surya Gangadharan, a senior journalist from India, recently hosted Former High Commissioner to Pakistan, TCA Raghavan, in a virtual interview where he draws his experience and understanding regarding the latest olive branch peaceful offer made by the Prime Minister of Pakistan, Shehbaz Sharif to India.

Egypt: Immigration Minister Saha Jundi meets Council General Al-Anin in Chicago

Egypt: The Minister of State for Immigration and Egyptian Abroad, Saha Jundi, received the council General of Egypt Sameh Abu Al-Ainin in Chicago to discuss cooperation and coordination.

Dominica and Gabon ties diplomatic knot, says Minister Vince Henderson

Dominica: The Minister of Foreign Affairs, Trade, International Business and Energy of the Commonwealth of Dominica, Dr Vince Henderson, signed a mutual agreement with the Deputy Minister of Foreign Affairs for the Republic of Gabonese yesterday, March 14th, in order to establish joint cooperation between both countries.