Fuel prices in the UAE will increase for the fourth consecutive month in July under a new price list announced by the country’s Ministry of Energy.

According to the ministry, Super 98 will increase from Dhs 1.86 in June to Dhs 1.88 in July, Special 95 from Dhs 1.75 to Dhs 1.77, E Plus-91 from Dhs 1.68 to Dhs 1.70 and diesel from Dhs 1.77 to Dhs 1.85.

Following the introduction of a new fuel pricing system linked to global rates in July 2015, the UAE at first mainly reduced fuel costs in line with falling oil prices.

There were seven consecutive months of petrol price declines before April 2016 when Brent crude started a gradual recovery, eventually breaking $50 a barrel.

However, concerns surrounding the United Kingdom’s decision to exit the European Union and the impact it could have on regional growth have pushed oil prices back down to around $48 a barrel in recent days.

 

Source: gulf Bussiness

Publisher: Lebanese Company for Information & Studies

Editor in chief: Hassan Moukalled


Consultants:
Lebanon : Dr. Zaynab Moukalled Noureddine, Dr. Naji Kodeih
Syria : Joseph el Helou, Asaad el kheir, Mazen el Makdesi
Egypt : Ahmad Al Droubi
Managing Editor : Bassam Al-Kantar

Administrative Director : Rayan Moukalled

Address: Lebanon, Beirut, Badaro, Sami El Solh | Al Snoubra Bldg., B.P. 113/6517 | Telefax : +961-01392444 - 01392555-01381664 | email: [email protected]

Pin It on Pinterest

Share This