According to the latest data, petrol prices were flat in May after a 10 percent decrease in April, which is a good sign, as the world economy grappled with the effects of the COVID-19 pandemic.
Petrol prices had a huge drop in recent months, and have stayed consistent ever since. Super 98 will cost at AED 1.91 per liter, while Special 95 is still AED 1.80 per liter. Diesel will remain to be AED 2.06 up to the end of June. All prices include the VAT rate of 5 percent.
The UAE’s Ministry of Energy tried to set fuel prices based on average global prices in August 2015. Previously, the UAE government subsidized petrol prices, which protected consumers from global fluctuations in the cost of petrol.
Super 98 prices during the first half of 2020:
• January: AED 2.24
• February: AED 2.24
• March: AED 2.16
• April: AED 1.80
• May: AED 1.80
• June: AEC 1.80
