UAE cuts petrol prices for October

Following a rate cut in September, petrol prices in the UAE have once again been reduced for October, it was announced on Sunday.

The per litre prices have been fixed at Dhs2.24 for Super 98, down 1.7 per cent from September, and at Dhs2.12 for Special 95, a decline of 1.85 per cent compared to the previous month.

Meanwhile the price of diesel was hiked by 1.26 per cent to Dhs2.41 per litre in September.

October's fuel ⛽ prices as per the #UAE fuel committee are out. Check them below. #InspiringEnergy

إليكم أسعار الوقود ⛽ لشهر أكتوبر وفقاً لما ذكرته لجنة متابعة أسعار الوقود في الإمارات. #طاقة_مُلهمة pic.twitter.com/VGT6xsor16

— ENOC (@ENOC) September 29, 2019

The UAE links fuel prices to movements in international oil rates, which have seen high volatility in recent months.

Fuel prices in the UAE faced hikes for fourth consecutive months until rates were cut by 10 per cent in July. They were again increased by 3 per cent in August and were reduced by around 4 per cent in September.