Fuel prices in the UAE has been increased for the month of August-2019 with the petrol and diesel price per litre going up by 7-8 fils.
The price of Super 98 rose to Dhs2.48 per litre for May, up from Dhs2.23 in April, while the price of Special 95 rose to Dhs2.34 per litre for May, up from Dhs2.11 in March.
Fuel prices in the UAE dropped by 5-10 fils for September compared to August.
New petro stations are located in the densely populated areas of Al Nahda, Sharjah Industrial Area 3 and Al Yarmook.
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 at the Ministry of Energy and Industry approved the fuel prices for the month of October.
The move comes at a time when India is staring at the highest ever tax collection shortfall, as corporate and income tax collection for this fiscal year is set to fall for the first time in at least two decades and the goods and services tax revenue could see a gaping shortfall.
The price of Super 98 will be Dhs1.91 per litre, while the prices of Special 95 will be Dhs1.8 per litre, E-Plus 91 at Dhs1.72 per litre and Diesel at Dhs2.06 per litre as of the beginning of July 2020.
Petrol and diesel prices recorded the biggest drop so far in this month on Friday. Oil marketing companies reduced the price of petrol by 21 to 22 paise, and that of diesel by 24 to 26 paise per litre.
Fuel prices recorded a seventh consecutive hike on Sunday, taking the total increase over the past week to more than Rs4 per litre. Petrol and diesel prices are continuously becoming expensive for the common man with oil marketing companies (OMCs) raising the fuel prices frequently.