Qatar petrol prices to rise 7% in July – official

Cost of premium fuel to increase from next month, diesel to stay the same
Qatar petrol prices to rise 7% in July – official
(Getty Images)
By Sarah Townsend
Wed 29 Jun 2016 01:41 PM

The price of petrol in Qatar will increase next month, by 10 Qatari dirhams (fils) per litre, or 7 percent, the Ministry of Energy and Industry has announced.

In a statement on its website, the ministry said the cost of a litre of 91-octane premium petrol would rise from QR1.20 ($0.32) to QR1.30 ($0.35) from July.

Super 95-octane gasoline will increase from QR1.30 to QR1.40 per litre, while diesel prices will remain unchanged at QR1.40 ($0.38) per litre, the ministry said.

The price hikes will see motorists paying up to 52 percent more to fill up their tanks than at the start of the year.

The government announced in April that it would set fuel prices monthly to better reflect fluctuations in global energy markets. Qatar, along with other Gulf states, is taking measures to shore up national revenues while the oil price remains low.

The UAE also announced a hike in fuel prices this week. Energy minister Suhail Mohammad Faraj Al Mazroui said the cost of petrol would increase by just over one percent and diesel by about 4.51 percent for July. It is the fourth consecutive month that fuel prices have gone up.

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