The United Arab Emirates has officially implemented new fuel pricing, marking a significant increase in costs for motorists. According to the latest rates, petrol prices have risen by 30%, while diesel prices have surged by approximately 70% across the country.
Major Price Hikes Across All Emirates
The new pricing structure has led to substantial adjustments in fuel costs, affecting both urban and rural areas. The following table outlines the key changes:
- Petrol (91 Octane): Increased from AED 2.40 to AED 3.20 per liter.
- Petrol (95 Octane): Increased from AED 2.48 to AED 3.28 per liter.
- Petrol (Premium): Increased from AED 2.59 to AED 3.39 per liter.
- Diesel: Increased from AED 2.72 to AED 4.69 per liter.
Government Response and Public Reaction
Minister of Energy and Water Resources, Dr. Ahmed Al-Wahaibi, addressed the situation during a press conference. He explained that the price hike is a result of global market fluctuations and the need to align domestic prices with international benchmarks. - afhow
While the government maintains that these measures are necessary to ensure energy security, the public reaction has been mixed, with many citizens expressing concern over the rising cost of living.
