Image: Getty Images/ For illustrative purposes
The country’s Fuel Price Committee has approved new retail fuel rates for July, raising pump prices for petrol and diesel as global crude markets surged earlier this month, according to state news agency, WAM.
The committee paused rates in June following slight hikes in May after two months of declines. However, oil prices climbed earlier this month amid tensions between Israel and Iran and US strikes on Iranian nuclear sites, prompting upward pressure on prices.
Fuel prices for July
Effective July 1, the new prices are:
Super 98 petrol: Dhs2.70 per litre, up from Dhs2.58 in June.
Special 95 petrol: Dhs2.58 per litre, up from Dhs2.47 last month.
E‑Plus 91 petrol: Dhs2.51 per litre, up from Dhs2.39 in the previous month.
Diesel: Dhs2.63 per litre, up from Dhs2.45 in June.
Fuel prices in the UAE are reviewed monthly and linked to international oil prices. Since deregulation in 2015, the state-aligned pricing policy has reflected global cost trends.
