UAE Fuel Prices rise in May 2023

UAE Fuel Prices rise in May 2023

ALBAWABA - Websites for fuel distribution companies in the United Arab Emirates (UAE) said their products of oil derivatives will rise as of Monday.

The rise will affect all grades of gasoline, namely the premium with 98 octane fuel, midgrade 95 octane and regular with 91 octane, which will be raised by 15 fils per litre.

Diesel prices, however, decreased by 12 fils per litre to sell at 2.91 UAE dirhams (AED), or $0.79, according to the price list approved by the Fuel Prices Follow-up Committee, which slaps a 5 percent value-added tax.