UAE petrol prices to rise 3% in August

The petrol prices for August have been announced for the UAE. Reem Mohammed / The National

Fuel prices in the UAE bounced back from a 10 per cent fall in July to rise about seven to eight fills across the board.

Next month's rise in petrol prices comes amid US-Iran tensions in the Arabian Gulf, though the prices at the pumps had been increasing for four previous months before July's drop.

The fuel price committee has announced an increase of about three per cent for motorists using Special 95.

Here is the breakdown of the prices per litre:

• Super 98: rises from Dh2.30 to Dh2.37 (Up 3.04%)

• Special 95: rises from Dh2.18 to Dh2.26 (Up 3.6%)

• Diesel: rises from Dh2.35 to Dh2.42 (Up 2.9%)

Fuel prices in the UAE were liberalised in August 2015 to adjust as per the market.

Drivers across the Emirates have faced continual rises in the cost of petrol this year amid rising global oil prices.

For July, the cost at the pumps fell 10 per cent for Super 98 and Special 95 compared to June. This followed an almost 10 per cent rise in May and April.

Motorists started 2019 with a substantial drop in prices when the cost of Special 95 fell below Dh2 a litre for the first time in more than a year.