Fuel prices drop in UAE for July

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Staff Report

Abu Dhabi – The Ministry of Energy has slashed fuel prices further for July, bringing a relieve to motorists soon after the Eid in hot weather.
Special 95 will cost Dh1.75 per liter in July as against Dh1.85 per liter in June. Similarly, Super 98 will cost Dh1.86 per litre next month, down from Dh1.96 in June and E Plus-91-Dh1.68, reduced from Dh1.78 in June, the ministry said on its website.
Diesel prices also reduced to Dh1. 84 per liter in July from Dh1.90 in June. New prices will come into effect from July 1.
This year, this is the third decrease in rates for fuel prices after the Ministry of Energy slashed prices in April and June in line with international crude oil prices which have been fluctuating due to supply, demand equation.
Global crude oil prices dropped around 10 per cent since OPEC (Organisation of the Petroleum Exporting Countries) and other major exporters extended their agreement to limit oil production for another nine months in May.