As compared to the rates that were in effect in November 2023, the fuel price monitoring committee has given its approval for a reduction in the prices of gasoline and diesel during the month of December 2023.
The reduction is expected to be between 7 and 8 fils for gasoline and 23 fils for diesel per liter.
On Friday, December 1, 2023, the fuel distribution firms made the announcement that they would be implementing new rates, which would include a value-added tax (VAT) rate of 5%. The new prices would go into effect.
Gasoline prices drop for December
The price of a liter of Super gasoline "98" dropped by seven fils, going from 3.03 dirhams in November to 2.96 dirhams in December. Similarly, the price of a liter of private gasoline "95" dropped by seven fils, going from 2.92 dirhams in November to 2.85 dirhams in December. Additionally, the price of a liter of gasoline known as "E Plus" "91" dropped by 8 fils, going from 2.85 dirhams in November to 2.77 dirhams during the month of December. In December, the price of a liter of diesel dropped by 23 fils, from AED 3.42 in November to AED 3.19 in December. This is a decrease of 23 fils per liter.
Gasoline prices in previous months