The UAE fuel price committee announced the petrol and diesel prices for the month of June 2024 on Friday.
The rates will be applicable from June 1 onwards.
Super 98 petrol will cost AED 3.14 a litre, down from AED3.34 a litre in May, while Special 95 petrol will cost AED3.02 a litre, down from AED3.22 per litre the previous month.
E-Plus 91 petrol will cost AED2.95 a litre, down from AED3.15 a litre, while diesel will cost AED2.88 a litre, down from AED3.07 a litre.
Petrol prices have reduced for the first time in June after rising month-on-month since February (see prices for February, March, April and May).
How are petrol, diesel prices determined?
Since 2015, fuel prices in the UAE have been moving in line with the international markets.
Prices are determined by the fuel price committee, chaired by the undersecretary of the Ministry of Energy.
The committee includes members of the energy and finance ministries, as well as CEOs of Adnoc Distribution and Emirates National Oil Company.
The committee, when deciding the fuel pieces, does not rely on just one global market. It considers an average of global prices as well as operating costs of distribution companies.
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