Fuel committee announces latest price adjustments
Motorists in the UAE will pay less for fuel next month, even as consumer demand is inching up amid the loosening of pandemic restrictions.
The UAE fuel price committee announced on Monday the new prices that will take effect from September 1, showing declines of approximately 1.2 percent for petrol and 2.9 percent for diesel.
Super 98 will be 2.55 dirhams per litre, down from 2.58 dirhams this month. Special 95 will drop from 2.47 dirhams to 2.44 per litre, while E-Plus 91 will fall from 2.39 dirhams to 2.36 dirhams per litre.
As for diesel, the price is pegged at 2.38 per litre, down by 2.9 percent from 2.45 dirhams in August.
Fuel prices have been up for the past several months.
Global oil demand is forecast to rise by 5.4 million barrels per day in 2021 and return to pre-pandemic levels by the end of 2022, according to the International Energy Agency.
Demand slumped last year because of lockdowns and COVID-19 precautionary measures. Millions of motorists worldwide have returned to the roads after the easing of restrictions.