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Tue 31 Jul 2018 04:49 PM

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UAE to increase most petrol prices in August

Emirates National Oil Company publishes a tweet to confirm that fuel prices will go up next month

UAE to increase most petrol prices in August
(AMER HILABI/AFP/Getty Images)

Most petrol prices in the UAE are set to rise marginally in August, according to an announcement by the UAE Fuel Price Committee.

Emirates National Oil Company published a tweet to confirm that fuel prices inclusive of VAT for the month.

The price of Super 98 and Special 95 will increase 1 fil per litre, while diesel will decrease by 3 fils.

Fuel prices were liberalised about two years ago, so prices now move with the global market.

July prices:

Super 98: AED2.57 a litre up from AED2.56 in July)

Special 95: AED2.46 (up from AED2.45)

Diesel: AED2.63 (down from AED2.66)

International crude oil prices have risen this year, and the UAE increased fuel prices in May and June before reducing them in July.

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