UAE announces petrol prices for February 2025
Published January 31st, 2025 - 08:36 GMT
ALBAWABA - UAE Fuel Price Committee announced petrol prices for February 2025. Prices are recording a slight increase compared to January 2025. The new prices will apply tomorrow, 1st of February 2025. Also Read UAE announces petrol prices for January 2025 Petrol Prices for February 2025 in UAE
Super 98 petrol will cost Dh2.74 per liter, compared to Dh2.61 in January. While Special 95 Petrol will cost Dh2.63 per liter, compared to Dh2.50 last month. E-Plus 91 Petrol will be charged for Dh2.55, compared to Dh2.43 a liter in January.Furthermore, diesel will be charged for Dh2.82 compared to Dh2.68 in January.
Petrol prices are constantly going through hikes and fluctuations due to the decisions of the Organization of Petroleum Exporting Countries (OPEC), global supply and demand, natural incidents, taxes, and interest rates.
Super 98 petrol will cost Dh2.74 per liter, while Special 95 Petrol will cost Dh2.63 per liter. E-Plus 91 Petrol will be charged for Dh2.55. (Shutterstock)
Notably, Brent crude oil price is approximately priced to $78.43 per barrel today, compared to $74.48 per barrel in January, down from $78.63 in August. This decline was recorded due to the increased supply and Saudi Arabia's plans to boost production.
Prices for petrol and diesel prices are going through a slight boost this month in the UAE and the new prices will apply from tomorrow, the first of February 2025. Also Read Petrol prices decline in UAE while gold peaks Gold prices in the UAE
Gold prices are experiencing an additional increase globally.Ounce of gold recorded Dh10,113.56 today compared to Dh9,636.51 at the beginning of January, while 24 Carat is priced at Dh338.50 compared to Dh315.50 per gram last month.22 carat of gold is priced at Dh313.50 compared to Dh292.25 per gram in January, while 21 carat is priced at Dh303.50 per gram, while it was priced at Dh283.00 last month. Finally, 18 gold carat is priced at Dh260.00 per gram, compared to Dh242.50 per gram in January 2024.
It is worth mentioning that there is a 5% value added tax (VAT) applied to gold in UAE. Gold prices constantly change based on the price of petrol and US dollar globally.
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