During an interview with
Petrol prices in the UAE have jumped over 74 per cent since January 2022 due to an increase in global crude oil prices, especially after the Russia-Ukraine war in February.
Compared to the January rate of Dh2.65 per litre for Super 98 petrol, in July, it costs Dh4.63 per litre.
Fuel prices in July increased for the second month straight in July. The rates had dipped slightly in May.
Compared to the June rates, Super 98 petrol now costs 11.5 per cent more at Dh4.63 a litre. Special 95 petrol costs Dh4.52 per litre — up over 12 per cent as compared to June. At Dh4.44 a litre, E-Plus 91 petrol rates have increased by over 12 per cent as well.
Since the UAE implemented fuel price deregulation in August 2015, prices crossed the Dh4-mark per litre for the first time in June.
Fuel prices are adjusted every month based on the fluctuations of the global crude price in the previous month. According to the UAE government, the country liberalised fuel prices to help rationalise consumption and encourage the use of public transport in the long run.
As a result of the increase in fuel prices, taxi fares in Dubai and Sharjah have gone up. Uber also hiked its rates, while bus users in Sharjah also reported an increase in fares.
ALSO READ:
During an interview with
This initiative aims to minimise instances of illegal parking
Smart technologies provide precise recommendations, allowing construction teams to save time and effort
Three years after Yang Qian and Yang Haoran won the gold in Tokyo, compatriots Huang and Sheng made sure China retained it
Through this initiative, affected customers won't have to pay two instalments in one month
The astronauts are seen training and carrying an 'Olympic torch'
The Spaniard's impressive round puts him in the perfect position to clinch his first LIV title, as his team, Legion XIII lead the competition
The young motorist was immediately identified and summoned; his vehicle was also seized