30 April 2017
Ministry of Energy announces prices for diesel and different grades of petrol

Abu Dhabi: Fuel prices are going up in May, the Ministry of Energy announced on Sunday.

Petrol will be costlier by six fils and diesel by two fils.

The new per litre fuel prices for May are: Super 98-Dh2.01, up from Dh1.95 in April; Special 95-Dh1.90, up from Dh1.84; E Plus 91-Dh1.83, up from Dh1.77. And the diesel price has been increased to Dh1.97 per litre from Dh1.95 in April. The new prices will come into effect from Monday.

Fuel prices have gone up as global oil prices recover due to an agreement reached between Opec (Organisation of the Petroleum Exporting Countries) and non-Opec members to reduce their output by about 1.8 million barrels per day from January 1. Oil producing are planning to extend the six-month deal beyond June as global oil inventories continue to be high.

The global benchmark Brent crude is currently trading at $52.05 per barrel and US crude West Texas Intermediate at $49.33 per barrel.

Per litre prices for petrol are:

Super 98: Dh2.01

Special 95: Dh1.90

E Plus 91: Dh1.83.

Diesel:

Dh1.97 per litre.

© Gulf News 2017