Fuel prices in the Emirates will be revised in December, reflecting trends in the global oil market, it has been announced.
Prices of petrol will decrease, while diesel will be costlier, state news agency Wam reported on Saturday, quoting the UAE fuel price committee.
How much will fuel cost in December 2024?
The breakdown of fuel prices per litre for December is as follows:
• Super 98: Dh2.61 from Dh2.74 in November (down by 4.7 per cent)
• Special 95: Dh2.50 from Dh2.63 in November (down by 4.9 per cent)
• Diesel: Dh2.68 from Dh2.67 in November (up by 0.37 per cent)
• E-plus 91: Dh2.43 from Dh2.55 in November (down by 4.7 per cent)
Fuel prices in the UAE are closely tied to movements in the global oil market, which has experienced significant fluctuations this year. Geopolitical uncertainties, shifting supply dynamics and concern about slowing economic growth have all contributed to the volatility in oil prices.
The UAE deregulated fuel prices in 2015, aligning them with market fluctuations.
Brent, the benchmark for two-thirds of the world’s oil, fell 0.46 per cent to $72.94 a barrel on Friday, while West Texas Intermediate, the gauge that tracks US crude, settled down 1.05 per cent to $68 a barrel.
Brent crude has shed nearly 20 per cent of its value since peaking at $91 per barrel in April, driven by sluggish demand from China and an increase in supply from non-Opec+ producers. The International Energy Agency predicts the oil market could record a surplus of one million barrels per day in 2025.
The Opec+ alliance, comprising major oil producers such as Saudi Arabia and Russia, announced on Thursday that it has rescheduled its meeting from Sunday to December 5. The decision was attributed to several ministers attending the Gulf Summit in Kuwait.
The alliance, which is currently cutting oil production by 5.86 million barrels per day, is expected to discuss further postponing its plans to increase output. Opec+ has already delayed easing voluntary production cuts of 2.2 million barrels per day twice.
Originally scheduled to begin in October, the phasing out of these cuts was pushed back to January due to prevailing market conditions.
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
THE APPRENTICE
Director: Ali Abbasi
Starring: Sebastian Stan, Maria Bakalova, Jeremy Strong
Rating: 3/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Brighton 1
Gross (50' pen)
Tottenham 1
Kane (48)
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
WISH
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
'Brazen'
Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Williams at Wimbledon
Venus Williams - 5 titles (2000, 2001, 2005, 2007 and 2008)
Serena Williams - 7 titles (2002, 2003, 2009, 2010, 2012, 2015 and 2016)
