UAE petrol prices set to drop further in January

The cost of filling up at gas stations in the UAE will fall by at least 11% month-on-month
UAE petrol prices set to drop further in January
An Adnoc petrol station attendant fills up the tank of a car in Dubai. (Getty Images)
By Sam Bridge
Fri 28 Dec 2018 02:18 PM

Petrol prices in the UAE are set to decrease significantly in January, according to an announcement by the UAE Fuel Price Committee.

The cost of filling up at gas stations in the UAE will fall by at least 11 percent month-on-month and will be the third month running of price declines.

Super 98 will now cost AED2 per litre from AED2.25 in December while Special 95 will fall from AED2.15 to AED1.89 per litre and diesel is down to AED2.30 from AED2.61, declines of 11.1 percent, 12.1 percent and 11.9 percent respectively.

Fuel prices in the UAE were liberalised in August 2015, so they now move with the market.

Prices in the UAE peaked during the summer as Brent oil spiked at $86 a barrel in October - the highest level since November 2014.

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