UAE fuel prices hiked for April: Ministry

Date

3/29/2016 1:03:37 AM

(MENAFN- Khaleej Times) The Ministry of Energy has increased the petroleum prices for the month of April.

The price of E-Plus 91 will be Dh1.44 a liter Super 98 will cost Dh1.62 a litre Special 95 would be available at Dh1.44 and Diesel will cost Dh1.56.

A high level committee chaired by the Undersecretary of the Ministry of Energy which was attended by the chief executive officers of oil marketing and distribution companiesMonday morning reviewed the rise and fall of oil pricesin the international markets in the past month.

In July of 2015 the government announced the deregulation of fuel prices linking it with the international markets on a monthly average.

Prices will be effectiveApril 1.

The OPEC basket prices on March 16 rose to $34.58 a barrel from $28.72 a barrel in February. In March 2015 the Basket price was$52.46 a barrel.

Fuel prices movement in UAE since July 2015 (Dh/litre)

Fuel prices movement in UAE since July 2015 (Dh/litre) Gasoline 98 Special 95 E-plus 91 Diesel Jul-15 1.83 1.72 1.61 2.9 Aug-15 2.25 2.14 2.07 2.05 Sep-15 2.07 1.96 1.89 1.86 Oct-15 1.9 1.79 1.72 1.89 Nov-15 1.81 1.7 1.63 1.87 Dec-15 1.79 1.68 1.61 1.83 Jan-16 1.69 1.58 1.51 1.61 Feb-16 1.58 1.47 1.4 1.37 Mar-16 1.47 1.36 1.29 1.4 Apr-16 1.62 1.51 1.44 1.56

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