In a welcome relief to the motorheads in the UAE, the country’s fuel price committee has announced petrol and diesel prices for the month of August 2022 with a dip of 60 fils in each category of fuel type.
Here are the different rates:
– Super 98: Dh4.03 a litre compared to, Dh4.63 a litre in July
– Special 95: Dh3.92 a litre, compared to Dh4.52 per litre
– E-Plus: Dh3.84 a litre, compared to Dh4.44/ litre
– Diesel: Dh4.14 a litre, compared to Dh4.76
The dip is the first since May with significant hikes in June and July as Russia’s invasion on Ukraine has continuously driven prices upwards and the pinch is being felt everywhere across the globe.
A comparison of prices in the past three months for an average full tank in different car categories is as under (indicative purposes only):
|COMPACT (avg 51 litres)||August||July||June|
|Super 98 petrol||205.53||236.13||211.65|
|Special 95 petrol||199.92||230.52||205.33|
|E-plus 91 petrol||195.84||226.44||201.96|
|SEDAN (avg 52 litres)||August||July||June|
|Super 98 petrol||249.86||287.06||257.86|
|Special 95 petrol||243.04||280.24||249.86|
|E-plus 91 petrol||238.08||275.26||245.52|
|SUV (avg 74 litres)||August||July||June|
|Super 98 petrol||298.22||342.62||307.10|
|Special 95 petrol||290.08||334.48||298.22|
|E-plus 91 petrol||284.16||328.56||293.04|
UAE petrol prices take another welcome hit for inflation this October
Motorheads in the UAE are rejoicing and it is not just the drop in temperatures. The country’s fuel price committee has announced petrol and diesel prices for the month of October 2022 with a dip for a third successive month. Around 37-38 fils have been shaved off in each petrol category
In October, Super 98 petrol will cost Dh3.03 per litre, Special 95 at Dh2.92 and E-Plus 91 at Dh2.85. Diesel has been priced at Dh3.76 a litre.
Retail fuel prices crossed Dh4 per litre mark for the first time in June 2022 since UAE announced deregulation in 2015, and reached a peak of Dh4.63 per litre in July 2022. The surge, however, has now been offset by some distance.
أسعار الوقود الشهرية: أسعار الوقود لشهر أكتوبر 2022 وفقاً للجنة متابعة أسعار الجازولين والديزل في #الإمارات
— Emarat (امارات) (@EmaratOfficial) September 30, 2022
Over August and September, prices came down Dh1.4 per litre in response to a decline in energy costs brought on by concerns that recessions will soon engulf the world economy.
The price reduction was expected. As a result of worries about an impending global recession, oil prices fell to their lowest levels since January earlier this week. On Thursday afternoon, WTI was selling for $82.39 a barrel and Brent was trading at $89.6.
According to globalpetrolprices.com, the average price of gasoline in the United Arab Emirates is Dh3.3 per litre, which is significantly less than the Dh4.66 per litre price of gasoline worldwide.
Here’s what a full tank will cost you
|COMPACT (avg 51 litres)||October||September||August||July|
|Super 98 petrol||154.53||173.91||236.13||211.65|
|Special 95 petrol||148.92||168.30||230.52||205.33|
|E-plus 91 petrol||145.35||164.22||226.44||201.96|
|SEDAN (avg 62 litres)||October||September||August||July|
|Super 98 petrol||187.86||211.42||287.06||257.86|
|Special 95 petrol||176.70||204.6||280.24||249.86|
|E-plus 91 petrol||238.08||199.64||275.26||245.52|
|SUV (avg 74 litres)||October||September||August||July|
|Super 98 petrol||224.22||252.34||298.22||342.62|
|Special 95 petrol||216.08||244.20||290.08||334.48|
|E-plus 91 petrol||210.90||238.28||284.16||328.56|
The decrease in gasoline costs has a favorable effect on inflation in the countries, raising the cost of food and other commodities.
While US West Texas Intermediate crude for November delivery fell to $76.71 per barrel, Brent crude futures for November finished down at $84.06 per barrel.
“A tough period has begun. Lower growth and higher inflation rates were the two main global variables that caused the decline [in oil prices], according to Abdul Jabbar.
Opec+ has increased oil production this year in an effort to reverse the unprecedented cuts made in 2020 after the pandemic drastically reduced consumption.
However, due to underinvestment in oilfields by some Opec members and output losses in Russia, Opec+ has recently failed to meet its desired output gains.
Dubai Police staff in Sharjah accident with one dead, six injured
One person has died and six more were injured after a Dubai Police bus crashed on Sharjah’s Sheikh Mohammed bin Zayed Street at around dawn on Thursday morning.
The six Dubai Police workers are being treated for their minor injuries at the Al-Qasimi and Kuwaiti Hospital in Sharjah. Details of the incident were not released.
A delegation from the Sharjah Police, headed by Colonel Youssef Obaid Haramoul Shamsi, Director of the Department of Comprehensive Police Centers of Sharjah Police, expressed their condolences over the deceased colleague and visited the wounded to wish them a speedy recovery.
Tesla tests car endurance in Dubai’s hot weather
Tesla has announced sending a number of its electric car models to the deserts of the Emirate of Dubai in order to conduct durability and endurance tests, during high temperatures that sometimes reach 50° Celsius.
The American company, through its accounts on the communication platforms, published pictures of its cars traversing sand dunes and roaming rough terrain with brilliance, lightness and distinctive performance.
Testing vehicles in extreme temperatures is not easy, especially in high heat, as it requires certain preparation for those who are not accustomed to it from electric models to ensure that they work properly and without problems.
The company said, via its Instagram account, that its field quality engineers went to Dubai during the hottest time of the year to conduct extreme heat and durability tests.
Tesla’s field quality engineers took several cars, including the Model 3 and the ultra-fast Model X Plaid, to run tests in the Dubai desert.
One of the images shows an engineer driving the super-fast X Plaid, billed as the highest-performance SUV ever.
The company said the three-motor all-wheel drive can reach 96 kilometers per hour from a standstill in less than 2.5 seconds.
And the field test began a big adventure in the sand dunes, to show how far Tesla is ready to go to ensure the performance and safety of its vehicles in the extremely hot weather that characterises the countries of the Middle East.