Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
Motorists will have to pay more to fill the tanks of their vehicles next month as the UAE on Sunday announced an eight per cent average increase in fuel oil prices in line with the international market.
Listen to this story and more on 8@8 with David Light
According to an announcement by the UAE Fuel Price Follow-up Committee, Super 98 petrol will increase to Dh2.29 from Dh2.12 per litre in March, reflecting an increase of 8.01 per cent.
Special 95 petrol cost will increase to Dh2.17 from Dh2.01 per litre last month, indicating an increase of 7.96 per cent.
E-Plus fuel price also surged as the motorists will have to pay Dh2.10 in April compared to Dh1.72 a litre. Diesel will cost Dh2.22 instead of Dh2.15 a litre, reflecting an increase of 3.25 per cent.
This is the second consecutive hike in fuel prices. Earlier, the government kept prices unchanged for 11 consecutive months until February despite rising oil prices, which traded above $70 a barrel due to an increase in economic activity across the globe.
International oil prices sustained an upward trend in recent months as robust economic data from the United States, Asia and Europe revived hopes to resume economic activity soon, while the spread of a new Covid-19 variant and lockdowns raised concerns about the near-term recovery in fuel demand.
Benchmark US crude oil for May delivery rose $2.41 to $60.97 a barrel on Friday while Brent crude oil for May delivery rose $2.62 to $64.57 a barrel.
Analysts and energy experts said prices are up because more than 30 oil tankers are waiting to traverse the Suez Canal, which has been blocked since Wednesday after a container ship ran aground. It may take weeks to free the beached vessel, though analysts said low seasonal demand for oil may mitigate the impact of the blockade on energy prices.
— muzaffarrizvi@khaleejtimes.com
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks