The photo has been used for illustrative purposes.
Gulf Today, Staff Reporter
UAE fuel petrol and diesel prices rose by 7 per cent to 12 per cent for March 2021.
According to the Fuel Price Follow-up Committee, the price of Special 95 rose by 12 per cent or 21 fils to Dhs2.01 per litre, while the price of Super 98 rose by 11 per cent or 21 fils to Dhs2.12 per litre and the price of E-Plus 91 rose by 12 per cent or 21 fils to Dhs1.93 per litre.
Diesel prices rose by 7 per cent or 14 fils to Dhs2.01 per litre.
On the other hand, the price of Opec basket of thirteen crudes stood at $65.42 a barrel on Thursday, compared with $64.00 the previous day, according to Opec Secretariat calculations.
The Opec Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
The UAE fuel prices will rise for April by 8-9 per cent for gasoline and 3 per cent for diesel including the 5 per cent VAT, as announced by the suppliers.
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 Fuel Price Follow-up Committee announced that fuel prices rose, while diesel prices remained stable for December compared to November.
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Sheikh Mohammed says that despite the predictions of the WTO of a 3.5 per cent decline in international trade this year, the UAE achieved a growth of 19 per cent in the first nine months of the year. He also expects the country’s foreign trade to grow to Dhs2.2 trillion by end of 2022.
The Kuwaiti Ministry of Interior arrested the errant driver that caused the accident on one of the main roads, according to what was published by Kuwaiti local media.