Today's Fuel Prices In UAE: August 2024 Petrol And Diesel Update

Key Highlights

• Fuel prices were heavily subsidized by the government before 2015, ensuring stability.

• In September 2015, fuel prices were aligned with global oil prices.

• This committee now sets fuel prices in the UAE.

• More fuel price changes are expected in the coming months.

As of August 2024, UAE petrol prices are AED 2.86 for EPlus 91, AED 2.93 for Special 95, and AED 3.05 for Super 98. Diesel costs AED 2.95 per liter. These prices are effective from August 1, 2024, and will remain unchanged until the end of the month. Fuel prices in the UAE are updated monthly, with new rates expected in September 2024.

Petrol Prices In The UAE Today

• EPlus 91 Price: 2.86 AED
• Special 95 Price: 2.93 AED
• Super 98 Price: 3.05 AED
• Diesel Price: 2.95 AED

*All prices mentioned above are per liter

Petrol Diesel Price Changes In The UAE

In July 2024, petrol prices dropped by up to AED 0.15, while diesel prices rose by AED 0.01.
In August 2024, petrol prices increased by up to AED 0.06, and diesel prices went up by AED 0.06.
Petrol prices have risen in August following increases in the previous two months.
Diesel prices have also increased this month.

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

Fuel Fill-Up Cost In The UAE

With the fuel price increase, the cost per kilometer will rise significantly. Filling up a petrol tank is more expensive than last month. Depending on the tank size, you will spend between AED 2.40 and AED 8.10 more for a full tank.

How Petrol Price Is Decided?

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

Verdict

Prior to 2015, government subsidies kept UAE fuel prices stable. Since September 2015, prices have been aligned with global oil rates, as decided by the Fuel Price Committee. Consequently, further price adjustments are likely in the upcoming months.

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