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Fuel prices fall more than 8 percent for September



With effect from September 1st, the Ministry of Energy declared that Gasoline will be sold to consumers at Dh1.89 per litre for E-plus (Octane 91 petrol), a fall of 8.7 per cent, Dh1.96 per litre for Special (Octane 95 petrol), a fall of 8.4 per cent, and Dh2.07 per litre for Super (Octane 98 petrol), a decrease of 8 per cent.

The prices are based on the average global prices for diesel and gasoline with the addition of operating costs and profit margins of the distributing companies. The Fuel Price Committee will next meet on September 28 to agree on the prices for the month of October.”

The price of oil on global markets is down by more than half from its peaks reached last year.