UAE petrol prices drop again for July 2024

It is the second month in a row that petrol prices across the country will fall, after they tumbled in June, as costs for motorists fell for the first time this year, following four consecutive months of increases.

Diesel prices will be virtually the same, with an increase of just AED0.01 per litre.

UAE petrol prices 2024

Since January, petrol prices have increased every month and the cost of diesel has fluctuated, leaving motorists happy with the price reduction in June.

In January 2024, E-Plus 91 was priced at AED2.64 a litre, while diesel was set at AED3 a litre.

Despite two months of price reductions, E-Plus 91 is still more expensive (at AED2.95 a litre) than at the start of the year.

Special 95 and Super 98 are also more expensive now than at the start of the year, rising from AED2.71 to AED2.80 a litre and AED2.82 to AED2.99 a litre respectively.

From July 1, the cost of filling up vehicles in the UAE will be :

• Super 98 – AED2.99 a litre from AED3.14 in June
• Special 95 – AED2.88 a litre from AED3.02 in June
• Diesel – AED2.89 a litre from AED2.88 in June
• E-Plus – AED2.80 a litre from AED2.95 in June

In response to the COVID-19 pandemic in 2020, the Fuel Price Committee froze petrol prices in the UAE, preventing any changes.

However, in March 2021, as global oil prices began to rise, the controls were lifted to allow market forces to determine petrol prices once again.

Moreover, the fluctuation in petrol prices is also influenced by changes in crude oil prices worldwide.

UAE fuel prices