UAE reduces fuel prices by 60 fils for the month of August 2022

UAE reduces fuel prices by 60 fils for the month of August 2022

Gulf Today, Staff Reporter

The UAE energy ministry has reduced the prices of petrol and diesel for the month of August, taking effect on Aug.1.

These prices include a value-added tax of 5 per cent.

The August’s new price of a litre of Super 98 petrol will be sold at Dhs 4.03 per litre in all fuel stations.

The price of a litre of Special 95 petrol will be at Dhs3.92.

Diesel will be sold at Dhs4.14.

E-Plus will be available for Dhs3.84.

The price of OPEC basket of thirteen crudes on Thursday had stood at $110.84 a barrel, compared with $108.11 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).