Petrol and diesel prices will fall starting on Saturday.
The UAE Ministry of Energy announced today that consumers will pay Dh1.86 a litre for Super 98, down 5.1 per cent from June’s level of Dh1.96; Special 95 will decline 5.41 per cent to Dh1.75 from Dh1.85; and E Plus will cost Dh1.68, a decline of 5.62 per cent from June’s Dh1.78.
Diesel will go down 3.16 per cent to Dh1.84 from June’s Dh1.90.
The Ministry of Energy began liberalising fuel prices, with the first new setting, for August 2015, using "benchmark prices" that have not been publicly disclosed. Before the new system took effect, prices for the various types of fuel were more widely spread – Super 98 was at Dh1.72 a litre while diesel was at Dh2.90.
