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Fuel prices hiked in UAE for October 2017

Use the Guides interactive chart to see month on month change in prices since last year

Fuel prices in the UAE will increase in October, the UAE Ministry of Energy announced on Thursday.

In a statement, the ministry has said the per-litre prices are Super 98 at Dh2.12 from Dh2.02 (up 4.95%); Special 95 at Dh2.01 from Dh1.90 (up 5.79%); E Plus-91 for Dh1.94 from Dh1.83 (up 6.01%). 

And diesel price has been fixed at Dh2.10 per litre for October, increased from Dh2 per litre in September.

Fuel prices are linked to international crude oil prices.

Brent, the global benchmark is trading at $57.54 per barrel, whereas US crude West Texas Intermediate at $51.92 per barrel at 11 am on Thursday.

UAE has cut up to 10 per cent of their oil exports in the last two months in accordance with the Opec agreement, energy minister Suhail Al Mazroui said on September 25.

In December last year, the Organisation of the Petroleum Exporting Countries (Opec) struck a deal to reduce output by about 1.8 million barrels a day. This was extended for another nine months in May to go on till March, 2018.