Petrol prices in the UAE will fall slightly in May, a move that comes as a relief to drivers after months of double-digit increases in the Emirates.
Prices rose more than 10 per cent in February, a further 10 per cent in March and then 16 per cent in April as global oil prices surged beyond $100 a barrel.
The breakdown per litre is as follows:
• Super 98: Dh3.66 – down 2.1% from Dh3.74 in April
• Special 95: Dh3.55 – down 1.9% from Dh3.62 in March
• Diesel: Dh4.08 – up 1.5% from Dh4.02 in March
• E-plus 91: Dh3.48 – down 2% from Dh3.55 in March
The prices announced by the UAE Fuel Price Committee in April were the highest they have been 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 at the onset of the coronavirus pandemic. The controls were removed in March 2021 to reflect the movement of the market.
Oil prices rose for a fourth day on Friday as Russian supply disruption fears outweighed Covid-19 lockdowns in China.
Brent crude futures rose 88 cents, or 0.8 per cent, to $108.47 a barrel by 0639 GMT after gaining 2.1 per cent in the previous session.
West Texas Intermediate, the US benchmark, gained 55 cents, or 0.5 per cent, to $105.91 a barrel after settling 3.3 per cent higher on Thursday.
Both contracts are set to close the week higher and post their fifth straight monthly gains, buoyed by the increased likelihood that Germany will join other EU member states in an embargo on Russian oil, Reuters reported.
Crude prices rose close to $140 a barrel last month after the US banned Russian energy imports and the UK said it would phase out its purchase of Moscow's oil.
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Most fuel-efficient cars
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UAE currency: the story behind the money in your pockets
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
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The specs
Price, base / as tested Dh12 million
Engine 8.0-litre quad-turbo, W16
Gearbox seven-speed dual clutch auto
Power 1479 @ 6,700rpm
Torque 1600Nm @ 2,000rpm 0-100kph: 2.6 seconds 0-200kph: 6.1 seconds
Top speed 420 kph (governed)
Fuel economy, combined 35.2L / 100km (est)
UFC%20FIGHT%20NIGHT%3A%20SAUDI%20ARABIA%20RESULTS
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Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
Mohammed bin Zayed Majlis
The biog
Age: 35
Inspiration: Wife and kids
Favourite book: Changes all the time but my new favourite is Thinking, Fast and Slow by Daniel Kahneman
Best Travel Destination: Bora Bora , French Polynesia
Favourite run: Jabel Hafeet, I also enjoy running the 30km loop in Al Wathba cycling track
Profile of VoucherSkout
Date of launch: November 2016
Founder: David Tobias
Based: Jumeirah Lake Towers
Sector: Technology
Size: 18 employees
Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake
Investors: Seed round was self-funded with “millions of dollars”
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UAE currency: the story behind the money in your pockets
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
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Aayan%E2%80%99s%20records
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Race results:
1. Thani Al Qemzi (UAE) Team Abu Dhabi: 46.44 min
2. Peter Morin (FRA) CTIC F1 Shenzhen China Team: 0.91sec
3. Sami Selio (FIN) Mad-Croc Baba Racing Team: 31.43sec
360Vuz PROFILE
Date started: January 2017
Founder: Khaled Zaatarah
Based: Dubai and Los Angeles
Sector: Technology
Size: 21 employees
Funding: $7 million
Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin