Fuel Prices To Drop in September

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Fuel Prices to Drop in September

Seeing the recent increase in fuel prices which were 24% higher than they were before, the trend is about to go towards a lower price due to the massive recent events that are accruing in the market. While Diesel prices dropped 29% to support national economy and reduce emissions all over the emirate.

Abu Dhabi: The UAE Ministry of Energy will announce new fuel prices for the month of September on Thursday.

Fuel Prices- August

The fuel prices are expected to drop taking into account the average international prices to decide on the following month’s final price. Charing the committee would be the Undersecretary of the Ministry of the Energy including the Undersecretary of the Ministry of Finance and the CEO’s of both Adnoc Distribution and Emirates National Oil Company.

New fuel prices will be announced as the oil price peaked at (Dh422.39) $115 in June 2014 whil now oil prices are reduced to less than $45 this week showing us just how diffficult this year has been for everyone and how indecisive the market is in its nature. Expect

 

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