Fuel prices in UAE are still cheaper than over 110 countries despite hitting an all-time high in July due to a surge in global crude prices.
Retail fuel prices in the UAE hit an all-time high in July, reaching Dh4.63 per litre. The prices have surged nearly 75 per cent since January 2022, as Super 98 have risen from Dh2.65 per litre at the beginning of the year to Dh4.63 in July.
Since the UAE implemented fuel price deregulation in August 2015, prices crossed the Dh4 mark per litre for the first time in June.
According to globalpetrolprices.com data, fuel prices in the UAE are cheaper than in 117 countries and costlier than 50 countries, including the Gulf countries.
The average 95-octane price of petrol around the world is Dh5.39 per litre. However, there is a substantial difference in these prices among countries.
Read more