UAE announces fuel prices for November 2020

Fuel prices in the UAE will remain unchanged for the eighth consecutive month in November.

Fuel prices released by the UAE Fuel Price Committee for the next month are as follows:

Special (95): Dhs1.80
Super (98): Dhs1.91
Diesel: Dhs2.06

November fuel prices have been released by the UAE Fuel Price Committee.#ADNOCDistribution pic.twitter.com/ggVzcAqGrA

— ADNOC Distribution (@ADNOCdist) October 28, 2020

Oil fell sharply with broader markets as renewed restrictions on movement in Europe clouded the outlook for consumption once again.

Crude futures in New York fell 4.6 per cent, while those in London retreated below $40 a barrel, the lowest since October 5.

Crude has come under renewed pressure as the virus leads to a more fragile demand outlook, and the head of Saudi Aramco’s trading unit said traders are cautious given the uncertainty in consumption.

With inputs from Bloomberg