Price of most popular type of petrol to increase 6%
Petrol and diesel prices in the UAE will go up six percent in February, according to the monthly bulletin from the UAE’s Ministry of Energy.
The ministry said the price of a litre of 98 unleaded gasoline will go up from AED 2.24 in January to AED 2.36 in February (up 5%), while Special 95 - the most popular in the UAE - will rise to AED 2.25, up from AED 2.12 the month before (up 6%).
E Plus-91 will now be priced at AED 2.17 per litre, compared to AED 2.05 in January, while diesel has been priced at AED 2.49 per litre, up from AED 2.33 in January.
Since January 1, new petrol prices have been inclusive of value-added tax.
In July 2015, the UAE’s Ministry of Energy announced the removal of subsidies on petrol and diesel prices, with market-linked prices starting from August 1, 2015.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.