The UAE fuel price committee has announced the petrol and diesel prices for July 2024, with all three petrol grades seeing a meaningful reduction from June levels. The new UAE petrol prices for July 2024 take effect from 1 July.
UAE Petrol Prices for July 2024
The updated rates per litre are as follows:
- Super 98 petrol: Dh2.99 (down from Dh3.14 in June) - Special 95 petrol: Dh2.88 (down from Dh3.02 in June) - E-Plus 91 petrol: Dh2.80 (down from Dh2.95 in June) - Diesel: Dh2.89 (up marginally from Dh2.88 in June)
Why Did Fuel Prices Drop in July 2024?
The reductions reflect changes in the global oil market. The UAE fuel price committee adjusts pump prices monthly in line with international crude benchmarks, ensuring residents and motorists pay a rate that mirrors prevailing market conditions.
All three petrol grades are cheaper in July than they were in June, with Super 98 seeing the largest absolute cut of 15 fils per litre. Diesel bucked the trend with a marginal one-fil increase.
What the New Rates Mean for Drivers
For most UAE motorists filling a 50-litre tank with Special 95, the July rate of Dh2.88 represents a saving of Dh7 compared with June's Dh3.02. Drivers on the premium Super 98 grade save Dh7.50 per full tank at the new Dh2.99 rate.
