UAE: Petrol Prices Set To Increase In March

The UAE has increased petrol prices by around 4.5 per cent for the month of March, following price cuts in January and February, the country’s fuel price committee has announced.

Super 98 will now cost AED2.04 per litre from AED1.95 in February while Special 95 will rise from AED1.84 to AED1.92 per litre while diesel is up to AED2.41 from AED2.28. The price includes VAT.

Fuel prices in the UAE were liberalised in August 2015, so they now move with the market.

Prices in the UAE peaked during the summer as Brent oil spiked at $86 a barrel in October – the highest level since November 2014.

Source: Arabian Business