The Fuel Price Committee, chaired by Dr Matar Al Nyadi, Undersecretary for the Ministry of Energy, has announced the revised petrol and diesel prices for the month of September 2015 across all petrol stations in the UAE.
In line with the declining global oil prices, the revised price for the most popular 95 Octane (special grade) in the UAE has been set 8.4 per cent lower than for the current month, making residents happier as this would mean lesser spend at the pump next month.
The new pricing will become effective at midnight September 1, Tuesday, in line with the new system that has been in place for a month now.
Since August 1, 2015, the special grade petrol across fuel stations in the UAE has been retailing for Dh2.14 per litre, up 24.4 per cent from Dh1.72 per litre that UAE residents used to pay during the subsidised regime.
From September 1, it will be retailed for Dh1.96 while prices of 98 Octane (super grade) petrol will drop 8 per cent to Dh2.07.
September Petrol & Diesel Retail Prices in UAE
Unleaded Gasoline 98 (Super)
Unleaded Gasoline 95 (Special)
Gasoline E Plus 91
Source: Ministry of Energy; *New retail prices as announced on August 27, 2015. To come into effect from September 1, 2015
The price per litre of diesel, on the other hand, will further go down from the current Dh2.07 to Dh1.86 starting September 1, a drop of more than 10 per cent.
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!
Yesterday Global Petrolprices has released the latest list of the countries with the cheapest and most expensive petrol prices in the world.
According to Global Petrol Prices, a company providing data on retail fuel prices around the world, the average price of gasoline around the world was 4.15AED per liter as of June 29, 2015, almost two-and-a-half times of what we pay for a liter of petrol here in the UAE. That given it is not a big surprise that many people are enjoying to drive big cars with even bigger engines over here. But let’s look at some countries of the ranking:
Price per Liter
Looking at this we are still very lucky here with the prices even being on the higher side of the Middle East. This list makes as well pretty clear why Germany has mainly diesel or engines with a low fuel consumption as the price is very high and almost hard to afford. What is your point on this? Sound off in the comments!
Check out the full list on the official website [LINK].