Team shortlist29 Oct 2015 AT 10:28 AM

UAE petrol prices to fall from Sunday

Gasoline prices will drop by 5%
Team shortlist29 Oct 2015 AT 10:28 AM
UAE petrol prices to fall from Sunday

It’s the news none of us were expecting. But it is brilliant news. The UAE is to lower domestic prices for both gasoline and diesel from Sunday November 1!

What a nice surprise. You may remember back in July the UAE announced it was ditching its system of subsidised fuel prices and they would instead be adjusted to take into account market forces. Everyone feared the worst, and prices did quickly rise.

But it now looks like a master stroke. From Sunday you will pay AED1.70 for a litre of octane 95 gasoline, compared to AED1.79 you were paying in October. That’s a cool 5 per cent fall. Same goes for diesel which will be down to AED1.87 from AED1.89.

So, if you were planning to fill up on Friday or Saturday, our advice is don’t.

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