UAE increases fuel prices for February - GulfToday

UAE increases fuel prices for February


Picture used for illustrative purposes.

Gulf Today, Staff Reporter

Fuel prices rose in February 2023 by 9-27 fils over those in January 2023, according to the petrol stations operating in the UAE. This is the first rise in prices that followed continuous decline for six months from August 2022.


The price of Super 98 rose to Dhs3.05 per litre for February, up from Dhs2.78 per litre in January, while the price of Special 95 rose to Dhs2.93 per litre for February, up from Dhs2.67 per litre in January and the price of E-plus rose to Dhs2.86 per litre for February, up from Dhs2.59 per litre in January.

Diesel will be sold at Dhs3.38 per litre in February.  

On the other hand, oil prices steadied after moving close to a three-week low on Tuesday, with US wage growth data and a retreating US dollar bolstering risk sentiment ahead of Opec and central bank meetings this week.

March Brent crude futures were down 58 cents, or 0.68%, at $84.32 a barrel by 1512 GMT.

The March contract expires on Tuesday and the more heavily traded April contract rose by 24 cents, or 0.28%, to $84.74.

US West Texas Intermediate (WTI) crude futures were up 22 cents, or 0.28%, at $78.12.

Brent and WTI earlier touched their lowest prices in almost three weeks on the prospect of further interest rate increases and abundant flows of Russian crude.

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