The UAE bid farewell to the year 2022 and welcomed the year 2023 by reducing fuel prices with all its derivatives.
According to Al-Bayan newspaper, the price of gasoline decreased by about 1.85 dirhams per liter for the month of January 2023, and the price of diesel decreased by 1.47 dirhams per liter, compared to the prices of last July, which witnessed the largest increase in fuel prices during 2022.
The price of a liter of Super 98 gasoline was reduced by 1.85 dirhams from 4.63 dirhams last July to 2.78 dirhams in January 2023, a decrease of about 40%, and a liter of Special 95 gasoline decreased by 1.85 dirhams, from 4.52 dirhams last July to 2.67 dirhams in January, a percentage A decrease of about 41%.
The price of a liter of E-Plus (91) gasoline decreased by 1.49 dirhams, from 4.44 dirhams last July to 2.59 dirhams in January, a decrease of 33.6%.
The price of a liter of diesel also decreased by 1.47 dirhams per liter from 4.76 dirhams last July to 3.29 dirhams in January 2023, a decrease of about 31%.
Last July witnessed a peak in fuel prices with all its derivatives in the UAE due to the increase in freight rates and transportation costs, and the rise in global inflation rates over the past year and thus a clear increase in prices in general, in addition to the state of openness that the world witnessed over the past months with a sense of recovery from The Covid-19 pandemic, which followed the lockdown period in 2020. In addition to the significant rise in global oil prices.
