UAE reduces petrol prices for the month of May - GulfToday

UAE reduces petrol prices for the month of May

  • 29 Apr 2022
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Picture used for illustrative purpose only.

Gulf Today, Staff Reporter 

The fuel price follow-up committee in the UAE decided, on Friday, the prices of fuel and its derivatives, which will be applied as of the first of next May.

Following the new decisions, the price of "Super 98" decreased from Dhs3.74 to Dhs3.66, while the price of "Special 95" decreased from Dhs3.62 to Dhs3.55.

The price of "E-Plus 91 petrol" decreased from Dhs3.55 to Dhs3.48, while the price of diesel increased from Dhs4.02 to Dhs4.08.

The price of Opec basket of thirteen crudes stood at $105.33 a barrel on Wednesday (April 27), compared with $102.94 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 (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

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