UAE petrol prices to rise for second month running in April

Drivers will pay more at the pumps, the Fuel Price Committee said

UAE fuel prices for April 2021 have been announced. Courtesy Adnoc Distribution

Drivers across the UAE will find filling up their vehicles will cost extra from April 1.

The Fuel Price Committee has announced a rise in prices for the second month running – after prices were held at the same level for nearly a year.

The breakdown per litre is as follows:

• Super 98: Dh2.29 – up from Dh2.12 in March (a rise of 8 per cent)

• Special 95: Dh2.17 – up from Dh2.01 in March (a rise of 8 per cent)

• Diesel: Dh2.22 – up from Dh2.15 in March (a rise of 3 per cent).

Petrol prices in the UAE were liberalised in August 2015 to allow them to move in line with the market. However, they were held by the Fuel Price Committee last year, following the onset of the coronavirus pandemic.

Prices were adjusted again in March 2021 and since February will have risen 20 per cent for Super 98, 21 per cent for Special 95 and 10 per cent for diesel once the new prices come into force in April.

Global oil prices have recovered this year since the dramatic lows of last year brought about by the pandemic.

Brent crude rose 0.7 per cent to reach $62.4 a barrel on Friday, while US West Texas Intermediate crude was up 0.8 per cent at $59.1 a barrel.

The price rise came amid concerns that the large container ship that ran aground in the Suez Canal may block the vital shipping lane for weeks, creating a supply squeeze.

Two more tugboats were on their way on Sunday to join a dozen others in efforts to refloat the 200,000 tonne, 400-metre-long Ever Given.