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UAE fuel prices to rise by 10% from May

UAE motorists will pay 10 per cent more at the pumps next month as the cost of petrol rises for the second straight month. But for some, it signals a positive economic change.

With the exception of diesel, which increased a marginal 2.5 per cent, petrol prices shot up about 10 per cent, according to figures from the energy ministry.

This means that Super will cost Dh1.78 a litre compared with Dh1.62 in April, Special will be Dh1.67 compared with Dh1.51, diesel Dh1.60 compared with Dh1.56, and E Plus is to rise to Dh1.60 from Dh1.44. Dubai resident Emmanuelle Artins, 35, said that she filled her Toyota Rav4 with Special at least once a week, averaging about Dh80.

However, the UAE fuel prices are still seven times cheaper than in her native France. “I’m happy to participate in making this economy work and be stable,” she said.

Similarly in Abu Dhabi, Wilson Craig, 47, from the UK, said although the price fluctuations have been noticeable, it was not a significant drag on his finances. For him, his Porsche Cayenne is a gas guzzler that costs him on average between Dh90 and Dh100 a week.

“I have noticed the price fluctuations, but it is not too much of an inconvenience to me so far and prices are still cheaper than the UK,” he said. “I do believe that UAE petrol prices should rise as the cost of oil goes up and agreed with the move last year.”

Courtesy: The National


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