The country’s fuel price committee has recently been following the trend of reviewing the rates on the last day of every month. Reports show that retail fuel prices experienced a hike in the months of June and July due to the spike in oil prices. Again, the rates were cut down in August once the global fuel prices fell amid the fear of a slowdown and global recession in the Chinese economy.
In June, for the first time, the petrol price crossed Dh4 per litre in the UAE, which reached its peak in July. As a consequence of this hike, the UAE government cut down fuel prices by 60 fills per litre in August.
Below is the list of average Brent crude oil prices at a , as shared by Statista –
| Month | Average Brent crude oil price |
| April | $104.58 per barrel |
| May | $113.34 per barrel |
| June | $122.71 per barrel |
| July | $111.93 per barrel |
On Tuesday, Brent Crude Oil was trading at the price of $100.3 per barrel as per the report of 6.15 pm UAE time. Then, it reduced by $4.8 or 4.6 per cent due to fears of inflation-caused weakening of world economies. Moreover, it seemed that the crude oil exports of Iraq have remained unaffected by oil price clashes.
The UAE’s retail fuel prices remained less expensive than other countries around the world as of August 22. In the list of these other countries, global oil-producing names such as Norway were also included as per the report of globalpetrolprices.com.
Here is the latest petrol and diesel prices for September 2022 as declared by The UAE fuel price committee on August 31 –
| Fuel Type | Current Price in September | Earlier Price in August |
| Super 98 petrol | Dh3.41/litre | Dh4.03/litre |
| Special 95 petrol | Dh3.30/litre | Dh3.92/litre |
| E-Plus 91 petrol | Dh3.22/litre | Dh3.84/litre |
| Diesel | Dh3.87/litre | Dh4.14/litre |
These fuel prices would be effective from September 01, 2022.
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