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UAE: Gas Prices Will Change; Likely to Cut for Ramadan
With Ramadan starting in April, gas and diesel prices in the UAE will change. That’s because the price is set by a group that meets at the end of every month.
This week, March comes to an end, which means that changes are coming. Since fuel prices in the UAE tend to change along with global trends, a drop could be on the way. In March, the price of oil has steadily gone down, with Brent futures dropping to $75.32 (from $84.31 in February) and US West Texas Intermediate crude settling at $69.33 (from $77.05).
The drop of almost $10 per barrel is almost Dhs37.
Prices would go down after changes in March, when the price of gasoline went up a little and the price of diesel went down a little.
At the Moment, These are the Costs:
- Super 98 petrol costs Dhs3.09 per litre, compared to Dhs3.05 in February.
- Special 95 petrol costs Dhs2.97 per litre, compared to Dhs2.93 in February.
- E-Plus 91 petrol costs Dhs2.90 per litre, compared to Dhs2.86 in February.
- Diesel costs Dhs3.14 per litre, compared to Dhs3.38 in February.
In June 2022, petrol prices in the UAE went over Dhs4 for the first time. And in July, when a liter of Super 98 cost Dhs4.63, they hit an all-time high. Then, prices went down for three straight months, from August to October. Then, in November, the price went up, and in December, it went down again.
Every month for the past seven years, the Fuel Price Committee has met to announce new prices. And, all prices accurate according to Union Pacific and MarketWatch data, as of March 23, 2023.