Fuel prices have been increased for next month, according to the Ministry of Energy. Petrol will be costlier by 9 fils and diesel by 6 fils.
Here are the new per litre fuel prices:
- Super 98: Dhs 2 (from Dh1.91)
- Special 95: Dhs 1.89 (from Dh1.80)
- E Plus-91: Dhs1.82 (from Dh1.73)
And diesel price has been increased to Dhs 2 per litre from Dh1.94 in January. The new prices will come into effect from Wednesday 1st February.
Fuel prices have gone up as global oil prices recover due to a historic deal reached between Opec (Organisation of the Petroleum Exporting Countries) and non-Opec members to reduce their output by about 1.8 million barrels per day from January. The global benchmark Brent crude is currently trading at USD 55.52 per barrel and West Texas Intermediate at USD 53.17 per barrel.