It has been reported that gas prices will decrease throughout the entire UAE in September.
Prices increased significantly this year as a result of persistently high oil prices worldwide, although they decreased by 13% in August.
The breakdown price per litre for September is as follows:
• Super 98: Dh3.41— from Dh4.03 in August
• Special 95: Dh3.30 — from Dh3.92 in August
• Diesel: Dh3.87 — from Dh4.14 in August
• E-plus 91: Dh3.22— from Dh3.84 in August
The prices announced by the UAE Fuel Price Committee in July were the highest so far since they were liberalised in 2015, to allow them to move in line with the market.
In 2020, prices were frozen by the Fuel Price Committee after the onset of the coronavirus pandemic. The controls were removed in March 2021 to reflect the movement of the market.
The rise in fuel prices in the UAE has led to some drivers seeking alternative modes of transport.
About 52 per cent of UAE residents are considering a switch to hybrid or electric vehicles, a survey by Audi Abu Dhabi found in May.
Oil prices, which rose more than 67 per cent last year amid a faster-than-expected economic rebound, have been volatile in recent days, having returned to more than $100 per barrel after dipping back below that level earlier this month.
