Latest news with #Dhs2.73
What's On
31-03-2025
- Automotive
- What's On
UAE announces drop in petrol prices for April 2025
Take note, UAE fuel prices have been announced… If you drive a vehicle, take note that the UAE fuel prices will drop for April 2025, and we're happy about it. From April 1, 2025, Super 98 will cost Dhs 2.57, a slight decrease from Dhs2.73 per litre in March 2025. Additionally, Special 95 will also drop and be priced at Dhs2.46 per litre, a decrease from Dhs2.61 in March 2025. As for diesel, the price in April 2025 will be Dhs2.63, down from Dhs2.77 per litre in March 2025. Here are the petrol prices in the UAE for Super 98 from January 2024 to April 2025: 2025 UAE fuel prices January: Dhs2.61 February: Dhs2.74 March: Dhs 2.73 April: Dhs 2.57 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 the 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… Image: Unsplash > Sign up for FREE to get exclusive updates that you are interested in
Gulf Business
30-03-2025
- Automotive
- Gulf Business
UAE fuel prices: What's ahead for motorists next month?
Image credit: Getty Images Motorists in the UAE will be closely watching whether fuel prices in the UAE rise or fall in the next day or two. The UAE Fuel Price Committee reveals the latest pricing data on the last day of every month, meaning that citizens and residents will know more on March 31. Read- Fuel prices in the UAE decreased in March, offering some relief to drivers after an uptick in February. This drop followed a two-month price freeze in December and January. Effective March 1, the per-litre rates for petrol and diesel were Dhs2.73, down from Dhs2.74 for Super 98 in February; Dhs2.61, down from Dhs2.63 for Special 95; Dhs2.54, down from Dhs2.55 for E-Plus 91; and Dhs2.77, down from Dhs2.82 for Diesel. Oil slips on recession fears but posts 3rd weekly gain Oil prices fell on March 28, due to concerns that US tariff wars could spark a global recession, but gained for a third consecutive week after Washington ramped up pressure on OPEC members Venezuela and Iran. Brent crude futures fell 40 cents, or 0.5 per cent, to settle at $73.63 a barrel. US West Texas Intermediate crude futures (WTI) fell 56 cents, or 0.8 per cent, to close at $69.36 a barrel. US President Donald Trump plans to announce reciprocal tariffs targeting a wide range of imports, effective on April 2. The trade war has investors worried about a potential recession, according to JPMorgan analysts. 'Concerns about a trade war, coupled with elevated US policy uncertainty, are weighing heavily on sentiment,' they said. Although recession risks are high, high-frequency oil demand indicators have held up relatively well, JPMorgan noted. Mid-week data from the Energy Information Administration showed US crude inventories fell by 3.3 million barrels to 433.6 million barrels last week, compared with analysts' expectations in a Reuters poll for a 956,000-barrel draw. On a weekly basis, Brent futures gained 1.9 per cent, while WTI rose 1.6 per cent. Since hitting multi-month lows in early March, Brent is up more than 7 per cent, and WTI has rebounded over 6 per cent. 'The key theme this week was the Trump administration ratcheting up the pressure on the Maduro regime in Venezuela,' said Barclays analyst Amarpreet Singh. Trump on Monday announced new 25 per cent tariffs on potential buyers of Venezuelan crude. These measures could worsen the anticipated 200,000 barrel-per-day decline in Venezuelan crude oil output this year, Singh added. This has compounded uncertainty for buyers and halted Venezuelan oil trade to top buyer China. Elsewhere, sources said India's Reliance Industries, operator of the world's biggest refining complex, will halt Venezuelan oil imports. The OPEC+ group is set to begin its program of monthly increases to oil production in April. The group, which comprises OPEC and allies led by Russia, is likely to continue raising oil output in May. (With inputs from Reuters)
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.
Gulf Business
28-02-2025
- Automotive
- Gulf Business
UAE announces fuel prices for March 2025
Image: Getty Images Fuel prices in the UAE will decrease in March, offering some relief to drivers after a recent uptick in February. The drop follows a two-month price freeze in December and January. Effective March 1, the per-litre rates for petrol and diesel will be as follows: Super 98 : Dhs2.73, down from Dhs2.74 in February Special 95 : Dhs2.61, down from Dhs2.63 E-Plus 91 : Dhs2.54, down from Dhs2.55 Diesel : Dhs2.77, down from Dhs2.82 UAE Fuel Price Committee announces prices for March — WAM English (@WAMNEWS_ENG) Fuel price drop aligns with global trends The adjustment comes as global oil markets experience relative stability, with Brent crude prices fluctuating around $80 per barrel in recent weeks. The UAE's monthly fuel price adjustments are linked to global benchmarks, ensuring domestic prices reflect international trends. Fuel prices in the UAE are set by the Fuel Price Committee, which aligns rates with international crude prices while factoring in distribution and operational costs. At a glance: Fuel prices in 2025 Super 98: Dhs2.74 per litre Special 95: Dhs2.63 per litre E-Plus 91: Dhs2.55 per litre Diesel: Dhs2.82 per litre Super 98: Dhs2.61 per litre Special 95: Dhs2.50 per litre E-Plus: 91: Dh2.43 per litre Diesel: Dhs2.68 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
