Fuel prices will be going down in March compared to February prices. The price of Super 98 is to drop to Dhs2.16 per litre for March, down from Dhs2.24 in February, while the price of Special 95 is to drop to Dhs2.04 per litre for March, down from Dhs2.12 in February.
The price of E-Plus 91 is to drop to Dhs1.97 per litre in March, down from Dhs2.05 in February.
A view of an ADNOC petrol station in Dubai.
Diesel prices will drop to Dhs2.15 per litre for March, down from Dhs2.40 in February.
The price of Opec basket of fourteen crudes stood at $54.01 a barrel on Wednesday, 26th February, compared with US$55.88 the previous day, according to Opec Secretariat calculations.
The Opec Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).