UAE raises diesel and gasoline prices in July, aligned with international crude oil rates



Sun, 02 Jul 2023 - 12:56 GMT


Sun, 02 Jul 2023 - 12:56 GMT

The UAE has announced an increase in diesel and gasoline prices, in accordance with the country's pricing mechanism tied to international crude oil rates, revealed the Emirates General Petroleum Corporation, known as “Emarat,” responsible for operating fuel stations, in a Twitter update.

According to the tweet, Super 98 petrol is now priced at AED 3 per liter, rising from AED 2.95 per liter in June, while Special 95 is now AED 2.89 per liter, compared to AED 2.84 per liter in the previous month.

Diesel prices also saw an increase to reach AED 2.76 per liter in July, up from AED 2.68 in June, with the price of E-plus 91 rising to AED 2.81 per liter, compared to AED 2.76 in the previous month.

The slight increase in in petrol prices follows a small reduction observed in the previous month, as reported by UAE media outlets. Since adopting a liberalized approach to petrol prices in 2015, the UAE has allowed rates to align with market dynamics, resulting in fuel prices that often fluctuate in response to global trends.

In May, Egypt’s Fuel Automatic Pricing Committee (FAPC) raised diesel prices by EGP 1 to EGP 8.25, while maintaining the prices of all other gasoline types. In its statement, the FAPC attributed the decision to “the increase in international prices for crude oil and petroleum products, as well as the exchange rate of the pound against the dollar.”

The price of 80-octane gasoline remained steady at EGP 8.75 per liter, while the prices of 92-octane and 95-octane stood at EGP 10.25 and EGP 11.50 per liter, respectively.



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