You may think to fuel up faster…
You’re sure to dig deep into their pockets as the price of all grades of petrol will go up by over 10% within a few days. In May, the cost of filling up at the petrol pumps across the UAE will rise considerably. Though this fuel hike follows a 9% jump in April, it will be the third consecutive month in 2019 when petrol prices will be increasing in the country.
Another Fuel Hike in MayTo be sure; UAE motorists will not be too happy about the fuel prices for the coming month whether they drive their new or used cars in Dubai. It looks like you’ll be paying a little more for car fuel. This time around, the fuel hike is on Super 98 and Special 95. And it’s not a substantial one.
Fuel Hike
Here is the breakdown of the prices per litre.
- Super 98:up 25 fils to Dh2.48 (11.21 %)
- Special 95:up 23 fils to Dh2.34 (10.9 %)
- Diesel: up 4 fils to Dh2.53 (1.6 %)
Fuel PricesSuper 98 Prices since Jan2019
January: Dhs2
February: Dhs1.95
March: Dhs2.04
April: Dhs2.23
May: Dhs2.48
Why are the Petrol Prices Rising?
The rise in petrol costs has been attributed by the international crude oil prices. This year, oil prices have surged by about 33% and after the United States announced that it will not renew exemptions allowing China and few other buyers to keep importing Iranian crude. However, petrol prices took a hit on Friday when US President Donald Trump said he had spoken to Opec nations, including Saudi Arabia, about keeping prices down.
Spoke to Saudi Arabia and others about increasing oil flow. All are in agreement. The California tax on gasoline is causing big problems on pricing for that state. Speak to your Governor about reducing. Economic numbers, 3.2% GDP for what is often worst quarter, looking good!
— Donald J. Trump (@realDonaldTrump) April 26, 2019