Oil markets remain in backwardation, a bullish pattern that’s marked by near-term prices trading above longer-dated ones
Oil is up around 40 per cent this year following a strong economic rebound from the pandemic
It is the third consecutive month that fuel prices have increased
The price of Super 98 is set to increase to Dhs2.94 next month
The price of Super 98 has been eased to Dhs2.77
Price for diesel was reduced to Dhs2.38 per litre from Dhs2.45 in August
The UAE fuel price committee also announced an increase in the price of diesel
The diesel price for next month has been reduced
Petrol prices have witnessed an increase after 11 months
Petrol prices will remain unchanged while the price for diesel has been cut
This is the 10th consecutive month that prices have stayed unchanged
US gasoline stockpiles expanded by 828,000 barrels last week
Prices have remain unaltered for the ninth straight month
Prices will remain unchanged for the seventh consecutive month in October
Petrol prices will stay the same for the fifth consecutive month
Prices are unchanged from April 2020
Super 98 petrol will cost Dhs1.91 per litre, while Special 95 is priced at Dhs1.80 per litre