Latest news with #Dhs2.61
Gulf Today
01-03-2025
- Automotive
- Gulf Today
UAE announces fuel prices for the month of March
The UAE Fuel Price Committee approved the fuel prices for March 2025 as follows: - Diesel: Dhs2.77 per litre. - Super "98" : Dhs2.73 per litre. - Special "95" : Dhs2.61 per litre. - E-Plus '91' : Dhs2.54 per litre.
What's On
28-02-2025
- Automotive
- What's On
Petrol and diesel prices in UAE to drop for March
Take note… If you drive a vehicle, take note that the petrol and diesel prices in the UAE will drop for March 2025. Good news… From March 1, 2025, Super 98 will cost Dhs2.73, a slight decrease from Dhs2.74 per litre in February 2025. Additionally, Special 95 will also drop and be priced at Dhs2.61 per litre, a decrease from Dhs2.63 in February 2025. As for diesel, the price in March 2025 will be Dhs2.77, down from Dhs2.82 per litre in February 2025. Here are the petrol prices in the UAE for Super 98 from January 2024 to March 2025: 2025 January: Dhs2.61 February: Dhs2.74 March: Dhs 2.73 2024 January: Dhs2.82 February: Dhs2.88 March: Dhs3.03 April: Dhs3.15 May: Dhs3.34 June: Dhs3.14 July: Dhs2.99 August: Dhs3.05 October: Dhs2.66 November: Dhs2.74 December: Dhs2.61 All prices include the five per cent VAT. The UAE's Ministry of Energy first began setting UAE fuel prices based on average global prices in August 2015. Prior to that, the price of petrol in the UAE was subsidised by the government, which shielded consumers from global fluctuations in the cost of petrol. Get fuelling… > Sign up for FREE to get exclusive updates that you are interested in
Gulf Business
25-02-2025
- Automotive
- Gulf Business
UAE fuel prices: Will they rise or fall for March 2025?
Image credit: Wam Motorists will be carefully watching whether fuel prices in the UAE rise or fall later this week. The UAE Fuel Price Committee always reveals the latest pricing data on the last day of every month, meaning that citizens and residents will know more on February 28. Read- The fuel prices in UAE have been quite stable since the beginning of this year. The UAE announced the retail fuel prices for February 2025, raising the rates by as much as 0.13 fils per litre compared to the month of January 2025. It was from February 1, 2025, that Super 98 petrol cost Dhs2.74 a litre, up from Dhs2.61 a litre in January, while Special 95 will cost Dhs2.63 a litre, compared to Dhs2.50 a litre a month earlier. Petrol prices in January 2025 remained unchanged from December 2024 and were the lowest in the past year. Brent crude futures rose to 38 cents, or 0.5 per cent, to $75.16 a barrel by 0401 GMT. US West Texas Intermediate crude futures gained 47 cents, or 0.7 per cent, to $71.17 a barrel. Both contracts gained in Monday's session after a $2 drop last Friday. The US on Monday put new sanctions on more than 30 brokers, tanker operators, and shipping companies for their role in transporting Iranian oil. President Donald Trump has said he wants to bring crude exports to zero. For now, fuel demand strength in the West is also supportive of oil markets, some analysts say. 'Globally complex refining margins are looking robust, with strong fuel oil and distillates crack, particularly in USGC and NEW benefiting from the heating oil demand from the cold snap,' said Sparta Commodities analyst Neil Crosby in a note, referring to the US Gulf Coast and Northwest Europe. Margins for a typical refinery in Singapore processing regional benchmark Dubai crude averaged $3.5 a barrel in February so far, compared with $2.3 a barrel last month, LSEG pricing data showed. However, gains overall were capped by the uncertain demand outlook. US President Donald Trump said on Monday that tariffs against Canadian and Mexican imports scheduled to start on March 4 are 'on time and on schedule' despite efforts by the two trading partners to address Trump's concerns about border security and fentanyl. Analysts say the tariffs would be bearish for global oil demand growth.
Gulf Business
31-01-2025
- Automotive
- Gulf Business
UAE: Petrol, diesel prices for February 2025 announced
Image credit: Supachai Panyaviwat/ Getty Images The UAE announced the retail fuel prices for February 2025 on Friday, raising the rates by as much as 0.13 fils per litre compared to the previous month. From February 1, 2025, Super 98 petrol will cost Dhs2.74 a litre, up from Dhs2.61 a litre in January, while Special 95 will cost Dhs2.63 a litre, compared to Dhs2.50 a litre a month earlier. Petrol prices in Meanwhile, global oil prices surged at the beginning of 2025 due to US sanctions on Russia. However, concerns about trade wars and weak economic data from China largely offset these initial gains. Market volatility is anticipated as policies are implemented, with President Donald Trump urging Saudi Arabia's energy minister and several of his OPEC+ counterparts have held talks following the US President's call for lower oil prices and ahead of a meeting next week of OPEC+ oil-producing countries. OPEC+ has yet to respond, but five OPEC+ delegates said a meeting of the group's top ministers on February 3 is unlikely to adjust its current plan to start raising output from April. OPEC+ groups members of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia. Brent crude futures for March, which expires on Friday, gained 4 cents at $76.91 a barrel by 12:32 p.m. GST on January 31. The more active April contract was at $76.19 a barrel, up 30 cents, while US West Texas Intermediate crude futures rose by $0.13 or 0.22 per cent to $72.91 a barrel. Read:
What's On
31-01-2025
- Automotive
- What's On
UAE announces increase in petrol prices for February 2025
Take note… If you drive a vehicle, take note that the petrol and diesel prices in the UAE have increased for February 2025. From February 1, 2025, Super 98 will cost Dhs2.74, an increase from Dhs2.61 per litre in January 2025. Additionally, Special 95 will be priced at Dhs2.63 per litre, up from Dhs2.50 in January 2025. As for diesel, the price in February 2025 will be Dhs2.82 up from Dhs2.68 per litre in January 2025. Here are the petrol prices in the UAE for Super 98 from January 2024 to December 2024: 2025 January: Dhs2.61 February: Dhs2.74 2024 January: Dhs2.82 February: Dhs2.88 March: Dhs3.03 April: Dhs3.15 May: Dhs3.34 June: Dhs3.14 July: Dhs2.99 August: Dhs3.05 October: Dhs2.66 November: Dhs2.74 December: Dhs2.61 All prices include the five per cent VAT. The UAE's Ministry of Energy first began setting UAE fuel prices based on average global prices in August 2015. Prior to that, the price of petrol in the UAE was subsidised by the government, which shielded consumers from global fluctuations in the cost of petrol. Featured image: Unsplash > Sign up for FREE to get exclusive updates that you are interested in
