Diesel is now cheaper than petrol for the first time in the Emirates – priced at 1.86 Dirhams per liter which is a -9.3 drop over the previous 2.05 D/L price in August while petrol prices have been slashed by -8.4% (1.96 D/L compared to previous 2.14 D/L) starting today September 1st 2015.
Unleaded Super 98 petrol will see an -8.0% drop (2.07 D/L compared to previous 2.25 D/L) making it cheaper than last month’s 95 unleaded rate.
Unleaded E Plus 91 petrol will see an -8.7% drop (1.89 D/L compared to previous 2.07 D/L)
Just last month in August, petrol prices were increased by 24% while diesel prices dropped by 29% – the effects of this are starting to lay major changes to the economy and rents have hiked by 17% for smaller 1 bedroom apartments. Construction isn’t showing any sign of progress either which makes me wonder; if this was the right move from the Ministry of Energy towards a downfall in petrol prices that has been in the making since 2014.