Petrol and diesel prices will rise in February.
The Ministry of Energy announced on Sunday that consumers will pay Dh2 per litre for Super 98, up 4.7 per cent from January; Special 95 will cost Dh1.89, up 5 per cent; and E Plus will cost Dh1.82, up 5.2 per cent. Diesel will cost Dh2, up 3 per cent.
In January motorists paid Dh1.91 for a litre of Super 98, Dh1.80 for Special 95 and Dh1.73 for E Plus. Diesel cost Dh1.94 a litre.
Petrol prices in the UAE rose last year, but less sharply than international oil benchmarks did.
At the start of 2016 Super 98 was priced at Dh1.69 per litre, Special 95 at Dh1.58 and E Plus at Dh1.51. Diesel was Dh1.61.
For the full year Super 98 averaged Dh1.73 a litre; Special 95 Dh1.62; E Plus 1.55 and diesel Dh1.67.
Meanwhile Brent crude rose 52.4 per cent last year. Brent crude closed last week at US$55.52 per barrel. That put it down 2.3 per cent for the year to date.
Fuel prices are set by a Ministry of Energy-led committee using “benchmark prices” that have not been publicly specified.
business@thenational.ae
Follow The National's Business section on Twitter
