Ministry of Energy has announced fuel prices for the month of June inclusive of Value-Added Tax(VAT) and prices have reached the highest levels since UAE deregulated fuel prices in 2015.
Petrol prices have increased by 14 fils
Prices for Super 98, Special 95 and E-Plus 91 have increased by 14 fils. Super 98 now costs Dhs 2.63 per litre, up from Dhs. 2.49 in May, Special 95 now costs Dhs 2.51 per litre, up from 2.37 dhs in May and E-Plus 91 now costs Dhs 2.44, up from Dhs 2.30 in May. Diesel has witnessed the greatest increase for June, costing Dhs 2.71 per litre, up by 15 fils from Dhs 2.56 in May.
— ENOC (@ENOC) May 28, 2018
Brent Oil has touched $75 per barrel
Crude oil trading classification Brent Crude from the UK has crossed the $75 per-barrel mark at $75.79(on May 29th, 2018). The price-per-barrel touched $74.85 on May 1st. Whereas, West Texas Intermediate(WTI) Crude from the US is now selling at $66.85 per barrel, according to energy website Oilprice.com, down from $67.28.
Motorists are warned not to ‘fill and run’
Cases have occurred of drivers leaving the gas station without paying for fuel in the past. Gas stations across the country have issued notices warning drivers to pay or will not be allowed to exit the station. They will not accept identification cards as a guarantee.