July 2023 Fuel Price Update — Petrol & Diesel Prices Increase
UAE petrol prices for July 2023 are AED 2.81 for EPlus 91, AED 2.89 for Special 95, and AED 3.00 for Super 98. The price of Diesel in the UAE is currently AED 2.76 per litre. These prices came into effect on 01 July 2023 and are expected to remain till the end of the month. Prices of petrol and diesel in the UAE change every month and new fuel prices in the UAE are expected to arrive in August 2023.
In June 2023, prices of petrol decreased by up to AED 0.21 while the price of diesel fell by AED 0.23. Now, in July 2023, prices of petrol have increased by AED 0.05 while the price of diesel has gone up by AED 0.08. For the first time in recent months, prices of diesel have seen an increase, however, it is still lower than petrol.?
Prices across different fuel stations across the UAE are similar and there are no differences. Getting a full tank of fuel for your car has now become ever so slightly more expensive. One would have to shell out between AED 2 & AED 4 more for a full tank, depending on the size of the tank. However, the per kilometre running costs do not increase by significant margins.
Before 2015, fuel prices were highly subsidised by the government, and this protected prices from fluctuating. However, in September 2015, it was liberalised to align with global oil prices. Fuel prices in the UAE are decided by the Fuel Price Committee and we can expect more changes over the next few months.
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