Home Industry Energy UAE announces fuel prices for October 2020 Prices will remain unchanged for the seventh consecutive month in October by Aarti Nagraj September 28, 2020 Fuel prices in the UAE will remain unchanged for the seventh consecutive month in October. The UAE fuel price follow-up committee has approved the October per litre prices – including 5 per cent VAT – as follows: Special (95): Dhs1.80 Super (98): Dhs1.91 Diesel: Dhs2.06 Monthly Fuel Prices Announcement: October fuel prices released by the #UAE Fuel Price Follow-up Committee. pic.twitter.com/ETdtd2Gb66 — Emarat (امارات) (@EmaratOfficial) September 28, 2020 The UAE links fuel prices to global oil prices, which have been hovering around the $40 per barrel mark. Prices have little room to gain in the fourth quarter because the recovery in global demand is slowing due to new coronavirus-related restrictions on the economy, Vitol Group executive committee member Chris Bake has said. Libya’s output has almost tripled to 250,000 barrels a day, with production set to expand further as ships dock and load crude from storage tanks, allowing fields to pump more, according to people familiar with the matter. Oil has eased this month after briefly climbing above $43 in late August with signs a resurgence in the outbreak could lead to more lockdown measures. The recovery is set to be long and gradual, Russia’s Energy Minister Alexander Novak said on Sunday, estimating global oil demand in 2020 will decline by as much as 10% from a year earlier. With inputs from Bloomberg Tags demand Diesel Emarat energy Fuel Prices October 2020 oil petrol UAE 0 Comments You might also like ACWA Power secures $238m for key Azerbaijan wind farm project QatarEnergy acquires 23% of offshore Egypt block from Chevron Middle East’s first net-positive mosque launched in Dubai ADNOC L&S awards $4.4bn contracts to build 23 supertankers