Gasoline price forecast in the UAE for June 2024

ahmed atef - | Arab News

Will petrol prices in the United Arab Emirates eventually go down in June 2024?

We anticipate seeing a drop in the cost of gasoline and diesel in Dubai in June, following a minor increase in May.

The price of gasoline has decreased in the UAE

The price of gasoline in the United Arab Emirates decreased in January of this year, but since February, the price that we pay at the pump has slightly increased.

On Saturday, June 1, 2024, later this week, the new rates will take effect.

The current petrol price in the UAE for May

  • Super 98 gasoline costs Dhs3.34 a liter, down from Dhs3.15 in April.
  • Special 95 gasoline now costs Dhs3.22 per litre instead of Dhs3.03 in April.
  • Dhs3.15 per liter for E-plus 91petrol, up from Dhs2.96 in April
  • Dhs3.07 per litre of diesel, up from Dhs3.09 in April
  • The cost of a taxi in Dubai has increased along with the price of gasoline, currently standing at Dhs2.09 per kilometer.

Since 2015, the UAE has monthly price adjustments for gasoline to reflect international rates.

In July 2022, fuel prices in the United Arab Emirates hit an all-time high, with Super 98 costing Dhs4.63 per litre.

October of 2023 saw a peak in gas prices, which then dropped in November, December, and January.

Below, you may observe the latest fluctuations in prices.

UAE petrol prices

January of 2024

  • Petrol Super 98: Dh2.82 per liter
  • A litre of Special 95 petrol costs Dhs 2.71.
  • A litre of E-plus 91petrol costs Dhs 2.64.
  • Diesel costs Dhs3.00 a liter.
  • Super 98 gasoline in February 2024 costs Dhs2.88 per litre.
  • Special 95 gasoline costs Dhs2.76 per liter.
  • A litre of E-plus 91petrol costs Dhs 2.69.
  • Petrol costs Dhs2.99 per liter.

March of 2024

  • A litre of Super 98 petrol costs Dhs 3.03.
  • A litre of Special 95 petrol costs Dhs2.92.
  • A litre of E-plus 91petrol costs Dhs 2.85.
  • Petrol costs Dhs3.16 a liter.

April of 2024

  • A litre of Super 98 petrol costs Dhs 3.15.
  • A litre of Special 95 petrol costs Dhs 3.03.
  • A litre of E-plus 91petrol costs Dhs 2.96.
  • Diesel costs Dhs3.09 a liter.

In 2015, the nation liberalized fuel pricing, bringing local rates into line with the price of crude oil globally.

The gasoline price committee has convened regularly for the last eight years in order to announce updated rates.

The goal of the initiative, according to the government, is to incentivize the usage of alternative fuels and encourage more citizens to take public transportation.

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ahmed atef
ahmed atef
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