The UAE’s fuel pricing committee has fixed gasoline and diesel prices for next May, as is the price for the month of April.
According to Al Bayan newspaper, the price of excellent gasoline is 1.91 dirhams per liter, the price of one liter of gasoline is 95 dirhams at 1.80 dirhams, and the price of gasoline plus 1.72 dirhams per liter. 2.06 dirhams.
Petroleum companies in the country announced today May prices on their websites, stressing that work with the new pricing will start on the first Friday of May.
Prices fell in April by about a quarter of a dirham per liter, and this decline was the largest of its kind on a monthly level since the price liberalization in August 2015, as was the pricing April, and May's price is the lowest in the past three years (since December 2017).
The price of May and April is the lowest during the years 2017, 2018, 2019 and 2020, and for the second time, prices fell over a period of about 40 months to less than two dirhams per liter, where the first time was during February 2019, the price of one liter fell to 1.95 dirhams for gasoline 98 and about 1.84 dirhams to 95 petrol.
The next April price comes close to the December 2017 price, as the price of a liter of gasoline is 1.80 dirhams, and the price of one liter is 1.69 dirhams, and it is still between them and the lowest price a way that is not great, knowing that Prices recorded their lowest levels in December 2015, where an excellent price of a liter of gasoline reached 1.79 dirhams, and a liter of 1.68 dirhams.
The main reason behind the decline in gasoline and diesel prices is due to the decline in oil prices in global markets, and prices during the current month of April reached a decline is the largest of its kind in more than twenty years It reached very low levels.
