We knew it since quite some days now that the petrol prices will be adjusted towards global prices. Today the prices you will pay to fill petrol in August have been released.
The Ministry of Energy’s fuel pricing committee, which includes representatives from each of the fuel companies, set the new price on Tuesday afternoon. A new price linked to rises and falls in the global market will be set from now onwards on the 28th of each month.
While petrol in general got around 25% more expensive the price of diesel, on the other hand, has been reduced to Dh2.05/l. Diesel currently retails at Dh2.90/l in Dubai and the northern emirates, including Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. The current price of diesel in Abu Dhabi is Dh2.35/l.
What do you think about the new prices? Will it effect you majorly? Sound off in the comments!