UAE
UAE fuel prices rise for August on global oil gains
The UAE Fuel Price Committee has increased petrol and diesel prices for August, reflecting a recent surge in the global price of Brent crude oil.
Petrol and diesel prices in the UAE have increased for August 2024, with costs rising by approximately 10 per cent. The adjustment, announced by the UAE Fuel Price Committee, is tied to the rising cost of Brent crude oil globally and will directly impact motorists and transportation costs.
UAE petrol and diesel prices have increased for August 2024, with the new rates taking effect from August 1. The UAE Fuel Price Committee confirmed the adjustments, which reflect recent increases in the global price for Brent crude oil, the international benchmark. For vehicle owners across the Emirates, this means higher costs for refueling, directly impacting monthly budgets and transportation expenses. ## What has changed? The committee announced the following per-litre prices for August: - **Super 98:** Dh3.14 (up from Dh2.81 in July) - **Special 95:** Dh3.02 (up from Dh2.70 in July) - **E-Plus 91:** Dh2.95 (up from Dh2.62 in July) - **Diesel:** Dh2.88 (up from Dh2.64 in July) This marks an increase of approximately 11 per cent for petrol variants compared to the previous month. The primary driver for this change is the performance of Brent crude, which has traded above $85 a barrel in late July, up from below $80 earlier in the month. ## Who is affected? This price adjustment directly affects all residents who own and operate petrol or diesel vehicles. The increase has a direct financial impact on: - **Daily commuters:** Residents driving to work, school, and for personal…