Motorists to spend less on fuel in July
dubai — Fuel prices are set to drop again next month in line with international trends, the UAE Ministry of Energy has announced.
The UAE Ministry of Energy on Tuesday revealed the new rates for July and said consumers will pay Dh1.86 a litre for Super 98, down 5.1 per cent from June’s level of Dh1.96.
The ministry also revealed that the price of Special 95 will decline 5.41 per cent to Dh1.75 from Dh1.85; and that E Plus will cost Dh1.68, a decline of 5.62 per cent from June’s Dh1.78. In addition, diesel prices will go down 3.16 per cent to Dh1.84 from the Dh1.90 set in June.
The drop in prices are being welcomed by motorists, many of whom were hoping for a period of low oil prices for the summer vacation.
Ahmed Waqar, a Dubai resident, said he was delighted with the news of the drop in fuel prices. “I have some family coming over for the holidays, so we will
It’s going to be great after all these months of high [fuel] prices Dana Yousuf, UAE resident
all be going out in the evenings. I also plan on taking them to other places in the UAE, so it will be nice not to worry about fuel prices during that time.”
Elated users
Dana Yousuf, another motorist who regularly takes her car to work, said she was looking forward to cheaper fuel prices. “It’s going to be great after all these months of high prices. I know a lot of my colleagues and friends are also going to be happy when they fill up their gas tanks next month. Hopefully, the prices will stay down for a while so we can all make the most of our time going out during the summer break.”
Fuel prices are revised in the UAE every month in line with international prices. Brent crude futures, the international benchmark for oil prices, gained 0.7 per cent to $46.18 and $43.68 per barrel, respectively, by 0715GMT on Tuesday.
Oil prices recently held near multi-month lows as investors discounted evidence of strong compliance by the Organisation of the Petroleum Exporting Countries (Opec) and non-Opec oil producers with a deal to cut a global output by 1.8 million barrels per day (bpd) for six months from January. The compliance reached its highest level in May since curbs were agreed last year.
— rohma@khaleejtimes.com