UAE set to announce petrol prices for March
The UAE’s Fuel Price Committee is likely to announce retail petrol prices for the month of March 2023 soon to be at par with the global rates.
The Committee increased retail fuel prices by more than 10 per cent month-on-month for February 2022, pricing Super 98, Special 95 and E-Plus at Dh3.05, Dh2.93 and Dh2.86 per litre, respectively.
Petrol prices are revised every month ever since the government announced deregulations of retail fuel prices in August 2015 to be aligned with the global rates.
According to globalpetrolprices.com, the UAE petrol price is cheaper by Dh1.84 litre when compared to global average rates. As of February 20, the average fuel price was Dh2.93 in the UAE as compared to the global average of Dh4.77.
