Lowest Petrol Rates of 2024 Introduced
The UAE’s Fuel Price Committee has revealed the petrol and diesel rates for December 2024. The new prices, effective from December 1, mark the lowest petrol rates of the year, offering slight relief to motorists compared to November.
Revised Fuel Rates
Here are the updated rates for December 2024:
- Super 98 Petrol: AED 2.61 per litre (down from AED 2.74 in November).
- Special 95 Petrol: AED 2.50 per litre (down from AED 2.63).
- E-Plus 91 Petrol: AED 2.43 per litre (down from AED 2.55).
- Diesel: AED 2.68 per litre (a marginal increase from AED 2.67).
Depending on your vehicle type, filling up your tank this month could save you between AED 6.12 and AED 9.62 compared to last month.
A Year of Changing Fuel Prices
The announcement concludes a year marked by fluctuating fuel prices across the UAE. Below is a recap of monthly petrol prices for 2024:
| Month | Super 98 | Special 95 | E-Plus 91 |
|---|---|---|---|
| January | AED 2.82 | AED 2.71 | AED 2.64 |
| February | AED 2.88 | AED 2.76 | AED 2.69 |
| March | AED 3.03 | AED 2.92 | AED 2.85 |
| April | AED 3.15 | AED 3.03 | AED 2.96 |
| May | AED 3.34 | AED 3.22 | AED 3.15 |
| June | AED 3.14 | AED 3.02 | AED 2.95 |
| July | AED 2.99 | AED 2.88 | AED 2.80 |
| August | AED 3.05 | AED 2.93 | AED 2.86 |
| September | AED 2.90 | AED 2.78 | AED 2.71 |
| October | AED 2.66 | AED 2.54 | AED 2.47 |
| November | AED 2.74 | AED 2.63 | AED 2.55 |
| December | AED 2.61 | AED 2.50 | AED 2.43 |
Fuel Pricing System in the UAE
Since the UAE deregulated petrol prices in 2015, rates have been linked to global oil prices. This approach ensures transparency and aligns local prices with international market trends. The rates are reviewed and announced monthly, typically at the end of each month.
The December adjustment is part of this ongoing process, reflecting shifts in global oil markets and providing UAE residents with competitive fuel prices.
