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UAE fuel prices reduced by over 5% for December

UAE fuel prices reduced by over 5% for December

Petrol and diesel prices have been reduced from November

Fuel prices in the UAE have been reduced for the month of December, the UAE Ministry of Energy announced on Wednesday.

From December 1, Super 98 will cost Dhs1.80 per litre, down 5.26 per cent from Dhs1.90 in November. Special 95 will be priced at Dhs1.69, down 5.6 per cent from 1.79, and E Plus will cost Dhs1.62, down 5.8 per cent from Dhs1.72 in November.

The cost of diesel has also been cut by 5.2 per cent from Dhs1.91 in November to Dhs1.81 in December.

Global oil prices are expected to rise as OPEC member countries edge closer to deal a cut output.

Brent crude futures jumped by 7 per cent on Wednesday, reaching nearly $50 a barrel, after Saudi Energy Minister Khalid al-Falih said the kingdom was prepared to accept “a big hit” on its own production.

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