UAE says to increase all fuel prices in September

UAE's Ministry of Energy reveals prices for petrol and diesel from September 1

United Arab Emirates, August 29, 2017

The UAE's Ministry of Energy has announced an increase in prices of all types of fuel for September.

In a tweet, the ministry said the per litre price for Super 98 will be AED2.01, up from AED1.89 in August while the price of Special 95 will be AED1.90 per litre, up from AED1.78 and E Plus-91 will rise to AED1.83, up from AED1.71.

The ministry also said that the price of diesel will increase to AED2.00 per litre in September from AED1.88 in August, adding that the new prices will come into effect from September 1.

In July 2015, the UAE’s Ministry of Energy announced removal of subsidy on petrol and diesel prices, with market-linked prices starting from August 1, 2015.

The global benchmark is currently trading at around $52 per barrel, whereas US crude West Texas Intermediate at $46.85 per barrel.

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