Petrol Prices in the UAE to Increase Next Month

The Ministry of Energy in the UAE has recently announced the prices of petrol for December — and it looks like we’ll be paying a little more for car fuel. Next month, the per litre cost of different types of petrol shall slightly increase.

The rise in petrol prices could affect our overall cost of living in Dubai, especially since value-added tax (VAT) will be imposed on certain goods and services starting next year. This will include additional charges on water and electricity services as well.

The prices of petrol are set to increase this December.

Slight Increase in Petrol Prices this December

According to the website of the UAE Ministry of Energy, the petrol prices for December 2017 are as follows (along with their corresponding prices last month):

  • Super 98: AED 2.15 (up from AED 2.03 in November)
  • Special 95: AED 2.04 (up from AED 1.92)
  • E Plus-91: AED 1.97 (up from AED 1.85)
  • Diesel: AED 2.20 (up from AED 2.11)

We’ll be paying a little more for fuel next month.

Cost Affected by International Crude Oil Prices
The increase in petrol costs may be attributed to international crude oil prices. Last October, global benchmark Brent rose to over USD 60 per barrel — marking the first time it happened in more than two years. This occurred amid expectations that OPEC may extend its output deal.

Screencap from UAE Ministry of Energy website

In December 2016, the Organisation of Petroleum Exporting Countries (OPEC) agreed to reduce their outputs by 1.8 million barrels per day. In accordance with this, energy minister Suhail Al Mazroui has stated that the UAE has cut up to 10% of its oil exports these past two months.

We can expect to see more changes in petrol prices in the coming year.

The OPEC deal was extended for nine more months, until March 2018. This means that we can expect to see more changes in petrol prices in the coming year. Not to worry, though! Here are some practical tips to save money in Dubai that every budget-conscious expat should know.


We're on YouTube!
Please subscribe to the Dubai OFW YouTube Channel for updates and tips!


Get FREE Dubai Updates by entering your email address:



Don't forget to check your email to activate your subscription!

ALSO READ

Mommy Eats FREE at Radisson Blu Deira Creek

Radisson Blu Deira Creek announces a great treat for all our mommies this Mother's day. Mommies can enjoy a FREE 5-star lunch or dinner...

PH Embassy UAE Advisory: 14-Day Mandatory Quarantine for Travellers to the Philippines

Be advised to all Filipinos and all passengers travelling to the Philippines coming from the UAE, you will be required to undergo a 14-day...

UAE Extends Suspension of Travel to India

People travelling between the UAE and India will have to wait a bit longer as the UAE government extends the suspension of such flights...

Dubai Police Capture One of the UK’s Most Wanted Criminals

One of the most wanted fugitives in the United Kingdom has been apprehended by the Dubai Police. The perpetrator had entered the UAE under...

Buy 1 Get 1 FREE at American Eagle Outfitters in Dubai Festival City Mall

We dropped by Dubai Festival City Mall today (May 7, 2021) and saw that the American Eagle Outfitters shop has so many items on display...