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Sun 29 Jan 2017 04:26 PM

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UAE petrol prices to increase by 5% in February

Special grade petrol (95 octane) will retail at $0.51 a litre from Feb 1

UAE petrol prices to increase by 5% in February
(Getty Images)

Petrol prices in the UAE were increased by 5 percent for February compared to January, the UAE Ministry of Energy said on Sunday.

This is the second consecutive rise in 2017, though prices had fallen in December 2016. The price of petrol will have increased by 26 percent since February last year when the increase is applied.

Special grade petrol (95 octane) will retail at $0.51 (AED1.89) per litre, an increase of 5 percent from $0.49 (AED1.80) a litre, in January.

Super (98 octane) grade will sell for $0.54 (AED2) per litre, up 4.71 per cent from $0.52 (AED1.91) per litre, while the price of E Plus gasoline (91 octane) will retail for $0.50 (AED1.82) per litre, a rise of 5.2 percent from $0.47 (AED1.73) per litre.

Diesel will retail at $0.54 (AED2) a litre from $0.53 (AED1.94) a litre, up 3.09 per cent.

The UAE removed subsidy on petrol and diesel prices from August 2015.

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