Will gasoline prices be raised in the UAE or not? And the announcement date

ahmed atef - | UAE

Price announcements for gasoline in the United Arab Emirates are scheduled to take place this next weekend.

Furthermore, in light of the excesses that are associated with the holiday season and the approaching celebrations for New Year's Eve, we are hoping to see even another reduction in the prices of gasoline and diesel in Dubai.

Gasoline prices fall in November and December

Following monthly increases from July to October 2023, the price of gasoline in the United Arab Emirates (UAE) fell in November and December 2023.

Gasoline price forecasts

It is anticipated that the new pricing for gasoline in the United Arab Emirates will be formally implemented on January 1, 2024. This is because the fuel price committee of the country meets at the end of each month.

The United Arab Emirates (UAE) typically adjusts the prices of its gasoline on the final day of the month, which will be Sunday, December 31, which is also known as New Year's Eve.

These are the current prices for gasoline and diesel in the United Arab Emirates as of December:

  • The cost of a liter of Super 98 gasoline is now Dhs2.96, which is a decrease from Dhs3.03 in November.
  • The price of a liter of Special 95 gasoline has decreased to Dhs2.85, down from Dhs2.92 in November.
  • Petrol for E-Plus 91 is now priced at Dhs2.77 per liter, which is a decrease from Dhs2.85 in November.
  • One liter of diesel now costs Dhs3.19, which is a decrease from Dhs3.42 in November.

The price reduction that was announced in December will be followed by the most recent announcement for January 2024.

The United Arab Emirates (UAE) has been bringing the cost of gasoline to worldwide standards on a monthly basis since the year 2015.

Oil prices around the world have experienced a minor decline as of Friday, December 29, with Reuters reporting a three percent reduction. This is due to investors monitoring routes through the Red Sea.

Gasoline prices in the United Arab Emirates reached an all-time high in July 2022, with the price of a liter of Super 98 reaching Dhs4.63.

Fuel costs reached their highest point in October of 2023, and they have been steadily decreasing ever since.

In 2015, the country's fuel prices were liberalized, and the local rates were brought into alignment with the cost of oil on the worldwide market.

Every month for the past eight years, the committee that oversees the price of fuel has convened in order to announce any changes to the rates.

In addition to providing incentives for the use of alternative fuels, the government is hoping that the policy would encourage a greater number of inhabitants to make use of public transportation.

About Author

ahmed atef
ahmed atef
485 Total posts


Read Also

UAE
The cases in which the UAE Labor Law allows denial of annual leave

Is it permissible for employers in the UAE to refuse yearly leave because of other employees' absences?

UAE
UAE clarifies Divorce rights for non-Muslim women seek separation from husbands

Non-Muslim individuals residing in the UAE have the option to apply the personal laws of their home country in matters of personal status, such as marriage, divorce, inheritance, wills, and proof of parentage.

UAE
Dubai Relaxes Travel Ban Regulations for Divorced Parents

Dubai has simplified the process for divorced parents to travel abroad with their children by easing the existing travel ban regulations.

UAE
Abu Dhabi Announces Free Public Parking & Darb Toll Waiver for Eid Al-Adha 2024

Abu Dhabi's authorities stated on Friday that, in commemoration of the Eid Al Adha festivities, all public parking will be free from Saturday, June 15, until Tuesday, June 18.

UAE
Dubai Police integrating AI into police & security operations

In order to improve efficiency and decrease customer waiting times, the Dubai Police have begun a revolutionary journey by incorporating artificial intelligence (AI) into 29 administrative procedures.

UAE
Deliveroo UAE announces the launch of electric bikes pilot in Dubai

Electric bikes and battery-swapping technologies are being tested by Deliveroo to see how well they work in real-world delivery situations.

UAE
Dubai Airlines and Airport Release Travel Advisory for Eid & Summer holiday 2024

In anticipation of the summer vacations and Eid Al Adha, the airport administration and Dubai Airlines have issued a warning to passengers. Dubai International Airport (DXB) continues to be the busiest airport in the world for international...

UAE
UAE Clarifies Midday Work Ban Start Date, Operating Hours & Fines

The UAE's regulatory ban on outdoor work during the hottest months ensures worker safety.

UAE
Imprisonment and deportation punishment for a woman who assaulted a police officer in Dubai

An individual who assaulted a law enforcement officer in Dubai was sentenced to imprisonment and deportation as a consequence.

UAE
Dubai announces dates for providing visa services in the coming days

In preparation for the Eid al-Adha holidays, Dubai has announced the scheduling of its visa services.

UAE
A popular restaurant in Abu Dhabi closed due to insects and poor hygiene

Following the discovery of insects in the kitchen, the Abu Dhabi eatery was forced to close its doors.

UAE
The Dubai Police launched an initiative to repair 400 cars free of charge for drivers

In an effort to provide drivers with free repairs for 400 vehicles, the Dubai Police Department has initiated a program.

UAE
UAE Insurers Deny Flood-Related Claims for Certain Drivers Vehicles

Insurers in the United Arab Emirates have been under fire for turning down claims from drivers who had to drive through flooded streets after the record-breaking rainfall on April 16. The natural disaster clause investigates this aspect thoroughly,...

UAE
Sheikh Hamdan announces AI-qualified teachers for Dubai schools in near future

Dubai is embarking on a groundbreaking initiative to revolutionize its educational landscape by integrating artificial intelligence (AI) into school curriculums.

UAE
The Labor Law specifies the dates for paying salaries to UAE employees

The Labor Law specifies the dates on which employees in the UAE must receive their salaries.

UAE
The UAE Labor Law determines salary payment options for employees

The UAE Labor Law establishes the various wage payment alternatives that are available to workers.

UAE
Wizz Air Abu Dhabi unveil huge 20% summer sale for July & August ticket bookings

An alluring deal has been offered by Wizz Air Abu Dhabi, offering a 20% discount on certain routes for travel in July and August. Travelers can take advantage of this great one-day flash deal on June 11 to visit a variety of destinations this summer....

UAE
Dubai Police honored 22 safe drivers

22 drivers have been recognized by the Dubai Police Department for their safe driving.

UAE
Dubai retail sector records new highs with a booming 3-day super sale event

Setting new milestones for the retail industry, Dubai's annual 3-day Super Sale has reached unparalleled heights. Dubai Festivals and Retail Establishment (DFRE) organizers set a new record with this year's festival, which ran from May 31...

UAE
Today's weather: Rain will fall in the Emirates within hours

There is a possibility of precipitation in several regions of the UAE this afternoon.

UAE
Low-cost airline tickets cost up to one dirham in the UAE

In the seat sale, the airline is offering tickets for flights between Dubai and Manila for as little as Dh1.

UAE
Urgent.. Sheikh Mohammed bin Rashid announces a federal law regarding traffic

The individual referred to as "His Highness" Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai, has confirmed that the UAE Genome Program has successfully gathered over 600,000 samples from...

UAE
UAE: Home delivery of sheep and goats via Careem for Eid Al Adha 2024

Careem, in collaboration with Dhabayeh Al Emarat, has launched an innovative service in the UAE for Eid Al Adha 2024, providing on-demand delivery of sheep and goats through its app.

UAE
The UAE announced the new federal traffic law 2024

In 2024, the United Arab Emirates (UAE) passed a new federal traffic law.

UAE
The traffic fines in Dubai have an impact on drivers' licenses

The traffic fines imposed on vehicle drivers in Dubai affect driver's licenses.

UAE
UAE launches 100 job opportunities for citizens in the private sector

The Emirates Human Resources Development Council in Dubai has recently facilitated over 100 exclusive job opportunities for citizens through an open career day, which was organized as part of the council’s initiatives aimed at providing citizens...

UAE
Sharjah Government announces Arafat Day & Eid al-Adha holidays for public sector

The Sharjah Human Resources Department has made a significant announcement regarding the holiday schedule for the Day of Arafah and Eid Al-Adha for various governmental departments, bodies, and institutions within Sharjah.

UAE
Dubai announced Eid al-Adha holidays for employees in 2024

Dubai has announced Eid al-Adha holidays for public sector employees in 2024.

Dubai temporarily suspends some bus services on New Year Eve