Urgent.. Gasoline prices in the UAE for February

ahmed atef - | UAE

On January 31, the United Arab Emirates Fuel Price Committee will announce the prices of gasoline and diesel for the month of February in order to bring them in line with the rates that are currently in effect around the world.

When compared to the previous month, the average price of oil in January 2024 was somewhat higher, coming in at approximately 1.8% higher than the previous month. It is common practice in the United Arab Emirates to modify and alter retail fuel prices for the following month on the final day of the month that has just passed.

Oil prices at the global level

On a global scale, the price of a barrel of oil remained below $80 for the most of the days in January, but it reached about $83 per barrel in the most recent week. Brent was trading at $82.63 per barrel on Tuesday morning, representing a 0.28 percent increase, while WTI was trading at $77.05 per barrel, representing a 0.27 percent increase. Because of the geopolitical tension in the Middle East, the prices have been steadily increasing over the past few months.

The price of gasoline fell in January

During the month of January, the price of gasoline was decreased for the third month in a row, with the rates being reduced by 14 fils per liter. The prices of a liter for Super 98, Special 95, and E-Plus 91 were Dh2.82, Dh2.71, and Dh2.64 correspondingly.

The announcement of the price of gasoline is something that motorists, particularly those who travel great distances very frequently, eagerly anticipate in order to modify their monthly budgets into the appropriate amount.

In a similar manner, local taxi operators adjust their rates in accordance with the release of the new prices for gasoline.

Gasoline price forecast for February

There is a possibility that the prices for the month of February will be slightly raised; however, this is contingent upon the official announcement.

Although fuel prices in the UAE have been deregulated, they are significantly lower than the average for the rest of the world. As of January 22, 2024, Special 95 was being sold at a price of Dh2.71 a liter, which was significantly lower than the average rate of D4.72 per liter across the world.

فئة سعر اللتر (فبراير) سعر اللتر (يناير) اختلاف
بنزين سوبر 98 2.88 درهم 2.82 درهم 6 فلس
خاص 95 بنزين 2.76 درهم 2.71 درهم 5 فلس
إي بلس 91 بنزين 2.69 درهم 2.64 درهم 5 فلس

About Author

ahmed atef
ahmed atef
461 Total posts


Read Also

UAE
UAE Meteorology issues widespread warnings due to heavy rain and Overcast skies in these areas this week

The National Center of Meteorology in the United Arab Emirates issued a warning to all residents about the gradual increase in the chances of rain falling in a number of different areas of the country, and the rain will be in the form of successive...

UAE
How much is the 5 year residence visa in UAE?

Explore the benefits and steps for a 5-year residence visa in UAE. Secure your long-term stay with our comprehensive guide

UAE
Urgent .. UAE warns of successive and rapid rain waves during midnight

It is anticipated by the National Meteorological Center that the probability of precipitation will gradually increase in various regions of the state. This precipitation will be in the form of waves that are consecutive and rapid, and it will be...

UAE
NCM warns of heavy rain and thunderstorms throughout the UAE

The UAE Meteorological Authority issues warnings to citizens and residents of heavy rain and bad weather across the country.

The UAE warns drivers of a fine of 15,000 dirhams for some violations