Home Industry Economy UAE petrol prices for May declared Super 98 petrol will cost Dhs1.91 per litre, while Special 95 is priced at Dhs1.80 per litre by Varun Godinho April 29, 2020 The UAE’s fuel price committee announced on April 29 that prices for May would remain the same as April. Super 98 petrol will therefore cost Dhs1.91 per litre, while Special 95 is priced at Dhs1.80 per litre. Diesel will be priced at Dhs2.06 a litre. The UAE had cut fuel prices substantially for the month of April. The price of Super 98 petrol was slashed 11.6 per cent from Dhs2.16 in March, while diesel prices were lowered by 8.4 per cent from the Dhs2.25 per litre level in March. May fuel ⛽ prices as per the #UAE fuel committee are out. Check them below. #InspiringEnergy إليكم أسعار الوقود ⛽ لشهر مايو وفقاً لما ذكرته لجنة متابعة أسعار الوقود في الإمارات. #طاقة_مُلهمة pic.twitter.com/6qcLROnWoB — ENOC (@enoc_official) April 29, 2020 The price of the international benchmark of Brent crude as of April 29 stands at $21.35 a barrel, down 67 per cent from the $66 price at the start of January. The Covid-19 pandemic has led to substantial global travel restrictions therefore drastically reducing the amount of fuel consumed worldwide. On April 13, OPEC+ members which includes some of the world’s top oil producers, secured a historic deal when they agreed to cut global petroleum output by nearly a 10th, thereby putting an end a devastating price war between Saudi Arabia and Russia that threatened to flood the oil markets with excess oil. Read: Oil price war ends with historic OPEC+ deal to cut output Despite the deal, futures in New York sank as low as minus $40.32 on April 21 underscoring the sustained global lack of demand for oil. Read: Oil rebounds from record wipeout with prices edging above zero Tags Diesel Economy energy Government oil Petroleum Super 98 UAE UAE Fuel Price Committee 0 Comments You might also like ADNOC expands stake in Fertiglobe to boost low-carbon ammonia development Abu Dhabi fund ADQ to acquire 96% of Bank Audi’s Turkish unit Abu Dhabi’s Masdar, Presight to develop AI asset management tool OPEC cuts 2024, 2025 global oil demand growth view again