The online charity auction showcased a collection of 555 license plates for regular vehicles in Abu Dhabi
UAE is all set to announce its fuel prices for the month of November either today or tomorrow, in line with global fuel prices.
In June petrol prices crossed the Dh4 mark for the first time and in July reached an all-time in the country when Super 98 was priced at Dh4.63 per litre, on the back of the Russia-Ukraine conflict that broke out in February this year.
However, since August, the fuel prices have been slashed for three consecutive months, much to the relief of residents. In October, Super 98 petrol cost Dh3.03 a litre - a fall of Dh1.6 as compared to the prices in July. Along with it, the fuel and grocery bills of residents have also been coming down consistently, with some saving up to Dh600 on fuel bills alone every month.
In the global market on Friday, oil prices fell after top crude importer China increased its Covid-19 curbs. Brent futures fell to $95.77 a barrel while US West Texas Intermediate (WTI) crude settled at $87.90. However, crude benchmarks are expected to rise this week partly because of energy supply worries as European countries mull a ban on Russian crude imports.
Here in the UAE, retail consumption of fuel is still below pre-pandemic level but has been on the rise due to an increase in economic activity, according to officials.
UAE liberalised its fuel prices in 2015 and decided to align local fuel prices with global oil rates. According to the UAE government, the move helps rationalise fuel consumption and encourage the use of public transport in the long run, as well as incentivise the use of alternative fuels. Since then, the UAE’s fuel price committee has been announcing revised monthly rates in the last week of every month.
ALSO READ:
The online charity auction showcased a collection of 555 license plates for regular vehicles in Abu Dhabi
Fashion enthusiasts can check out the collection at a 2-day pop-up event
Since 2019, London has banned ads for foods that are high in fat, sugar and salt from the city’s subway trains and stations, buses and bus shelters
Fifteen per cent of teachers working with pupils aged 11-18 experienced sexual harassment from a pupil while at school, reveals poll
The campaign aims to elevate the well-being of the entire community by promoting a healthy lifestyle while also instilling a culture of giving
Why Emiratis don white kandouras? Why Arabic coffee is served in small, half-filled cups? All such questions answered at a wind-tower house gathering
Are you thinking of taking a few days off from your work and flying off to Malaysia with your friends and family?