UAE Diesel and Petrol Prices: Motorists in the United Arab Emirates finally have some good news at the pump! After several months of rising costs, UAE diesel and petrol prices have seen a welcome decrease for June 2024. This is the first drop in prices since January, bringing much-needed relief to drivers across the country.
UAE Diesel and Petrol Prices: Reduced Rates Effective Today
The new rates came into effect on Saturday, June 1st, 2024. Here’s a breakdown of the revised UAE diesel and petrol prices:
- Super 98 petrol: Dhs3.14 per litre (down from Dhs3.34 per litre in May)
- Special 95 petrol: Dhs3.02 per litre (down from Dhs3.22 per litre in May)
- E-plus 91 petrol: Dhs2.95 per litre (down from Dhs3.15 per litre in May)
- Diesel: Dhs2.88 per litre (down from Dhs3.07 per litre in May)
These reductions represent a significant drop across all categories of UAE diesel and petrol prices. Super 98, for instance, has decreased by 6%, while diesel prices have fallen by nearly 6.5%.
A Look Back at Fluctuating Prices
The year began with a positive trend, with UAE petrol prices experiencing a decrease in January 2024. However, the following months saw a gradual increase, putting pressure on household budgets. This latest reduction comes as a much-needed break for residents.
The cost of fuel is a major concern for many in the UAE, impacting not just personal transportation but also taxi fares. With the rise in UAE petrol prices, Dubai taxi fares had climbed to Dhs2.09 per kilometre. It remains to be seen if the decrease in petrol prices will translate to a reduction in taxi rates.
Aligning with Global Trends
Since 2015, the UAE has adopted a policy of revising UAE diesel and petrol prices on a monthly basis, mirroring fluctuations in global oil prices. This approach ensures transparency and reflects the dynamic nature of the global energy market.
Looking back, UAE petrol prices reached a record high in July 2022, with Super 98 petrol reaching a staggering Dhs4.63 per litre. Thankfully, prices have shown more stability in recent months, with a peak in October 2023 followed by a decline towards the end of the year and into January 2024.
A Glimpse into Recent Price Movements
Here’s a quick recap of how UAE diesel and petrol prices have changed over the past few months:
| Month | Super 98 Petrol (Dhs/litre) | Special 95 Petrol (Dhs/litre) | E-plus 91 Petrol (Dhs/litre) | Diesel (Dhs/litre) |
| January 2024 | 2.82 | 2.71 | 2.64 | 3.00 |
| February 2024 | 2.88 | 2.76 | 2.69 | 2.99 |
| March 2024 | 3.03 | 2.92 | 2.85 | 3.16 |
| April 2024 | 3.15 | 3.03 | 2.96 | 3.09 |
| May 2024 | 3.34 | 3.22 | 3.15 | 3.07 |
| June 2024 (New) | 3.14 | 3.02 | 2.95 | 2.88 |
Looking Ahead: Potential Impact
The decrease in UAE diesel and petrol prices is a welcome development for residents. The government hopes this measure will encourage more people to utilize public transportation and explore alternative fuel options. It remains to be seen if the long-term trend will favor continued reductions, but for now, drivers can enjoy a bit of relief at the pump.
Finding the Right Fuel
As always, choosing the right fuel for your vehicle is crucial. Be sure to consult your car’s owner’s manual for the recommended octane rating. This will ensure optimal performance and fuel efficiency.
Stay Informed
With UAE diesel and petrol prices changing monthly, it’s important to stay informed about the latest rates. Keep an eye out for announcements from the UAE fuel price committee or check with local gas stations for the most up-to-date information.