Latest news with #fuel
Zawya
25 minutes ago
- Business
- Zawya
Jordan: Fuel pricing committee lowers gasoline prices, raises diesel for August
AMMAN — The Fuel Pricing Committee at the Ministry of Energy on Thursday decided to reduce the prices of unleaded 90- and 95-octane gasoline and raise the price of diesel for August, while maintaining the prices of kerosene and household gas cylinders. Based on international market trends in July, the committee reduced the price of unleaded 90-octane gasoline to JD0.850 per litre for August, down from JD0.860 in July, according to an Energy Ministry statement. The price of unleaded 95-octane gasoline was also lowered to JD1.075 per litre, compared with JD1.085 the previous month. Diesel will be sold at JD0.690 per litre in August, up from JD0.675 in July. The price of kerosene remains unchanged at JD0.620 per litre, while the price of a 12.5kg household gas cylinder stays fixed at JD7, the committee announced. The committee meets monthly to review global oil price movements and adjust local fuel prices accordingly. The average price of Brent crude oil in July stood at approximately $70.9 per barrel, compared to $71.6 per barrel in June, the statement said. Also on Thursday, Chairman of the Board of Commissioners of the Energy and Minerals Regulatory Commission (EMRC) Ziad Saida announced that the commission has decided to set the fuel price difference charge on electricity bills for August 2025 at zero. Saida noted that the approved rate remains unchanged from that of July. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Khaleej Times
7 hours ago
- Automotive
- Khaleej Times
When UAE deregulated oil prices 10 years ago, sparking 24% hike
Ten years ago, UAE motorists woke up to a day when the government removed subsidies on fuel. It was a weekend — and with the deregulation of oil prices — pump prices were hiked by 24 per cent, aligning with global rates at that time. The new petrol and diesel prices were actually announced by the UAE Ministry of Energy three days earlier, on July 28, 2015. The most commonly used Special 95 petrol saw a 24 per cent increase from Dh1.72 during the subsidised oil price regime to Dh2.14, for a 42 fils hike per litre. Anticipating the increase, several petrol stations were abuzz with activity as drivers queued up to fill up their tanks before the hike came into play. Khaleej Times captured long lines of cars waiting at petrol stations in Dubai and Sharjah. Mixed emotions were also evident at petrol stations that day. As Khaleej Times reported, some motorists supported the move, while others felt they 'were not given enough information about the reasons for the hike.' 'I really think it's fair. The price is based on the fair market. I don't see any problem with this at all,' said one Dubai resident that day. While another one retorted, 'Of course, this petrol price hike is going to be a big problem for me. That extra cost adds up each time.' UAE motorists were used to enjoying cheap oil prices and some drivers who spoke to Khaleej Times expressed surprise at the rate of the increase. 'That seems like a lot. This will surely have repercussions,' noted a Pakistani expat who also anticipated an increase in taxi fares. Another Dubai driver said he believed the hike in petrol prices would primarily affect the large SUVs that are ubiquitous on the streets of the UAE. 'For me and my smaller car, this is okay,' noted the Indian expat who added: 'The problem here is that Dubai is a place where many, many people drive big cars. They will be the people who will end up having to pay much more.' Azhar Zia ur-Rehman, a long-time resident of the UAE, meanwhile, urged residents to not overreact to the announcement. 'Let us look at it logically instead of emotionally,' he said. 'The two major expenses for a family here are accommodation and education. If the government can bring these down, no one will mind paying the increased price for petrol.' Some residents also told Khaleej Times that a 24 per cent hike in fuel price 'is okay long as salaries rise faster than before.' On the brighter side, the price of diesel drastically went down that day — from Dh2.90 to Dh2.05 per litre. Traders reacted positively to the revised rate. On another note, Thomas Edelmann, founder and managing director of RoadSafetyUAE, said residents should treat the oil price deregulation as an opportunity to reflect on the link between fuel consumption and driving behaviour in the UAE. He said higher fuel prices usually lead to increased efforts from motorists to display a more economical behaviour. 'This usually results in a less fuel-demanding driving style, carpooling, avoiding of unnecessary trips, and a shift to use of public transportation,' he added. Simply put, fewer cars on the road means less congestion and less stress. 'It is fair to assume improved driving behaviour will not only impact our wallets, it could have a positive impact on road safety too,' Edelmann noted. Since the UAE deregulated petrol prices in 2015 and aligned them with global rates, the rates are revised at the end of every month. Fuel prices for August 2025 were announced on July 31. Super 98 petrol is Dh2.69 per litre, as compared to Dh2.70 last month. Special 95 petrol is Dh2.57 per litre, a neglible .05 fil increase to July's rate of Dh2.58. Diesel saw a slight increase at Dh2.78 per litre, compared to last month's Dh2.63, but still comfortably below the Dh2.90 per litre price 10 years ago, when oil prices were heavily subsidised.
Zawya
21 hours ago
- Business
- Zawya
QatarEnergy announces fuel prices for August 2025
Doha, Qatar: QatarEnergy has announced the fuel prices for the upcoming month of August 2025. Prices for Premium-grade petrol and Super will remain the same, as Premium-grade petrol will amount to QR1.95 and Super will amount to QR2 per litre for August. Meanwhile, the cost of diesel increased to QR2.05 per litre in August. The Ministry of Energy and Industry started pegging the fuel prices to the international market and from September 2017, it is QatarEnergy which announced the monthly price list. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arabian Business
21 hours ago
- Automotive
- Arabian Business
UAE announces petrol prices for August 2025
The UAE Fuel Price Committee has announced the fuel prices for August 2025. Although fuel prices have been stable in recent months, motorists are still spending significantly less at the pump than they were during the same time last year, despite fluctuations in prices over the past year. From August 1, the cost of filling up vehicles in the UAE will be: E-Plus: AED2.50 a litre from AED2.51 in July Special 95: AED2.57 a litre from AED2.58 in July Super 98: AED2.69 a litre from AED2.70 in July Diesel: AED2.78 a litre from AED2.63 in July UAE fuel prices Prices in AED per litre E-Plus 91 Special 95 Super 98 Diesel July 2025 2.51 2.58 2.70 2.63 June 2025 2.39 2.47 2.58 2.45 May 2025 2.39 2.47 2.58 2.52 April 2025 2.38 2.46 2.57 2.63 March 2025 2.54 2.61 2.73 2.77 February 2025 2.55 2.63 2.74 2.82 January 2025 2.43 2.50 2.61 2.68
UAE Moments
a day ago
- Automotive
- UAE Moments
UAE Fuel Prices Hold Steady for August 2025
The UAE just dropped its fuel price list for August 2025, and there's really not much drama. Prices are almost exactly the same as July — give or take a few fils. Here's What You'll Pay per Litre: Why It Matters Fuel prices might seem small, but they actually affect a lot — from your commute to the cost of deliveries and groceries. The UAE's steady rates help keep things predictable for now. And FYI: the country still ranks among the 25 cheapest spots in the world for petrol, with an average rate of Dh2.58 per litre. Quick Recap
