UAE Announces Big Decrease in Diesel Rates and Increase in Petrol Prices

The United Arab Emirates (UAE) Fuel Price Committee has announced new petrol and diesel prices, effective from 1 March 2023. The prices of Super 98, Special 95, and E-Plus 91, have been hiked by up to 1.40%.

Meanwhile, diesel prices have been lowered by 7.10%, likely to decrease cargo charges across the country. However, the petrol price increase is expected to raise taxi fares.

Below is the table showing the price comparison between February and March:

Fuel TypePrice in FebruaryPrice in MarchIncrease in Percentage
Super 98AED 3.05AED 3.091.31%
Special 95AED 2.93AED 2.971.37%
E-Plus 91AED 2.86AED 2.901.40%
DieselAED 3.38AED 3.14-7.10%

In February, the committee raised the rates by a maximum of 27 fils per liter, after it reduced them by up to 52 fils per liter in January.

In 2015, UAE deregulated fuel prices, allowing them to be determined by market rates. During the start of COVID-19 in 2022, the committee regulated them again, only to be deregulated once more in March 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

    Sindh to Introduce New Exam System for Matric and Inter This Year

    Spotify’s New Update Will Let You Add Songs Quicker