Petrol prices to drop in July

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Good news, drivers…

The UAE Fuel Committee has announced that petrol prices will decrease in July for the first time since March.

Vehicle owners will now pay Dhs2.56 for Super 98, down from Dhs2.63 in June. Super 95 will now cost Dhs2.45 reduced from Dhs2.51, while the price of diesel will go from Dhs2.66 from Dhs2.71.

All prices include the VAT rate of 5 per cent.

The UAE’s Ministry of Energy first began setting fuel prices based on average global prices in August 2015. Before that, the price of petrol in the UAE was subsidised by the government, which shielded consumers from global fluctuations in the cost of petrol.

SUPER 98 PRICES SO FAR FOR 2018:

July: 2.56

June: 2.63

May: 2.49

April: 2.33

March: 2.33

February: Dhs2.36

January: Dhs2.24

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