October 2024 Fuel Price Update: Current Petrol and Diesel Prices in the UAE

Key Highlights

• UAE fuel prices dropped for the second consecutive month in October 2024.

• Petrol prices reduced by AED 0.24, while diesel decreased by AED 0.18.

• Consumers can now save between AED 9.60 to AED 28.80 on a full tank.

• Fuel prices in the UAE were liberalized in 2015 to reflect global oil prices.

• Monthly price adjustments are made by the UAE's Fuel Price Committee.

As of October 2024, petrol prices in the UAE are AED 2.47 for EPlus 91, AED 2.54 for Special 95, and AED 2.66 for Super 98. Diesel is priced at AED 2.60 per liter. These rates are valid from October 1st and will stay the same until the end of the month. Fuel prices in the UAE are updated monthly, with new rates expected in November 2024.

Petrol Prices In The UAE Today

• EPlus 91 Price: 2.47 AED
• Special 95 Price: 2.54 AED
• Super 98 Price: 2.66 AED
• Diesel Price: 2.60 AED

Petrol Diesel Price Changes In The UAE

In September 2024, petrol prices dropped by AED 0.15 and diesel by AED 0.17.
In October 2024, petrol prices further decreased by AED 0.24 and diesel by AED 0.18.
Petrol prices have decreased for the second month in a row after an increase in August.
Diesel prices have also been reduced for two consecutive months.

Petrol & Diesel Prices In The UAE For The Last Six Months

Fuel Fill-Up Cost In The UAE

With the drop in fuel prices, the cost per kilometer will also be noticeably reduced. Filling up your petrol tank is now cheaper than last month, saving you between AED 9.60 and AED 28.80, depending on your tank size.

How Petrol Price Is Decided?

Before 2015, the government heavily subsidized fuel prices, keeping them stable. However, in September 2015, prices were adjusted to match global oil rates. Now, the UAE Fuel Price Committee sets the prices, and we can expect further changes in the coming months.

Verdicts

The UAE's fuel prices have seen consistent decreases in recent months, offering relief to consumers. Since the government liberalized fuel prices in 2015, they now reflect global oil trends. With further adjustments expected, the UAE's Fuel Price Committee plays a crucial role in determining future price changes.

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