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UAE to announce July fuel prices today

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Charges crossed Dh4 per litre in June, highest ever in nation’s historical past

The UAE’s gasoline value committee will announce July gasoline costs right now.

Because the UAE determined to align native gasoline costs with international oil charges in August 2015, the committee pronounces revised month-to-month gasoline charges within the final week of each month.

For the month of June, the committee introduced gasoline charges on the final day of Could. The revised charges had been the best within the UAE’s historical past when gasoline costs crossed Dh4 per litre.

With international oil costs staying above $110 a barrel, will oil costs go up additional for July or be revised down? A call on that is anticipated anytime right now.

When the UAE elevated gasoline costs to over Dh4 per litre on Could 31, lengthy queues of motorists had been seen late within the night on the petrol station with a purpose to fill vehicles’ tanks earlier than the date modifications to June 1.

Petrol costs within the UAE have jumped over 56 per cent since January 2022 as a consequence of a rise in international crude oil costs, particularly after the Russia-Ukraine warfare in February.

– waheedabbas@khaleejtimes.com

DF

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