Fuel price committee announces new prices effective December 1
Motorists in the UAE are expected to see a slight decline in their expenses for fuel consumption in December compared to this month.
Vehicle fuel prices will drop by as much as 1.4 percent next month, the UAE’s fuel price committee announced on Monday.
The new price for Super 98 will be 2.77 dirhams per litre, down by 1 percent from 2.8 dirhams in November. For Special 95, motorists will pay 2.66 dirhams a litre, a decline of 1.1 percent from this month’s 2.69 dirhams.
New diesel prices will be 2.77 dirhams per litre, which is 1.4 percent less than November’s price of 2.81 dirhams.
The fuel price committee reviews the petrol and diesel prices every month. Prices have been reviewed regularly since the UAE government decided to adopt a pricing policy linked to global trends in 2015.
Oil prices slumped on Friday on concerns about the new coronavirus variant but rebounded on Monday by close to 5 percent to $76 per barrel.
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