Fluctuations Continue Amid Market Trends
The UAE is set to reveal petrol prices for January 2025 in the coming days, continuing the trend of monthly adjustments influenced by global oil market dynamics. Following a reduction in December, motorists await updates on fuel prices that affect household and transportation budgets.
Current Petrol Prices in December 2024
- Super 98: AED 2.61 per litre (down from AED 2.74 in November).
- Special 95: AED 2.50 per litre (down from AED 2.63 in November).
- E-Plus 91: AED 2.43 per litre (down from AED 2.55 in November).
- Diesel: AED 2.68 per litre (up slightly from AED 2.67 in November).
Year-on-Year Comparisons
- At the start of 2024, prices for E-Plus 91 were AED 2.64, while diesel was AED 3.00.
- By December, E-Plus 91 and other petrol categories became more affordable, with diesel seeing only marginal changes.
- Diesel fluctuated throughout the year but currently remains cheaper than its peak in mid-2024, where prices hovered above AED 3.00.
Factors Influencing UAE Petrol Prices
- Prices have been adjusted monthly since March 2021 when the Fuel Price Committee lifted controls imposed during the COVID-19 pandemic.
- Fluctuations reflect changes in global crude oil prices, which remain a significant factor in determining fuel rates.
Petrol Prices Trend in 2024
- Prices reached their peak in May 2024, with Super 98 at AED 3.34 per litre and diesel at AED 3.07 per litre.
- A gradual decline followed, offering relief to consumers toward the year-end.
Looking Ahead to January 2025
With crude oil prices experiencing periodic surges and declines, January 2025’s rates will reflect current market dynamics. Motorists and businesses remain keenly interested in the upcoming announcement to plan their expenses for the new year.
The UAE’s approach to fuel pricing highlights its responsiveness to global market trends, ensuring fair adjustments for consumers. As 2025 begins, the upcoming changes in fuel prices will continue to play a key role in shaping daily expenses for residents and businesses across the country.
