By Courtney Trenwith
Ministry of Energy announces new prices, which bring petrol and diesel effectively into line
The price of petrol will fall, while diesel will increase from October 1, under the UAE Ministry of Energy’s new market-driven fuel price regime.
Super 98 petrol will fall 17 fils to AED1.90 ($0.51) per litre, effectively in line with diesel, which will rise to AED1.89, from AED1.86 per litre.
Super 95 petrol will fall to AED1.79 a litre, while E Plus 91 also will decline 17 fils to AED1.72 per litre.
The UAE government implemented the monthly market-driven fuel price regime in August as a compromise to removing fuel subsidies after 12 months of low oil prices, which have significantly affected the country’s revenues.
The first move saw the price of petrol shoot up 25 percent, while diesel fell.