The Ministry of Energy in the UAE has announced a decline in fuel prices for month of August. Prices for Petrol and Diesel continued to increase for five months in a row till July 2016. Finally, the fuel prices have been decreased for the month of August in the UAE.
Prices for Petrol and Diesel for August 2016
According to new fuel prices, Diesel will now cost Dh1.76/litre. Super RON 98 will be available at Dh1.73/litre. Special RON 95 will be sold at Dh1.62/litre and E-Plus 91 will cost Dh1.55/litre.
The table below shows fuel prices for the month of August and July, 2016. You can easily observe change in fuel prices of August and July, 2016 for each fuel type.
Difference of Fuel prices from July 2016
In July Diesel was available at Dh1.85/litre. Super RON 98 was sold at Dh1.88/litre. Special RON 95 was priced at Dh1.77/litre while the E-Plus 91 had the cost of Dh1.70/litre.
Also read: Fuel Prices Announced in the UAE for July 2016
Effect of Price Fluctuations on Motorists
The fluctuations in fuel prices affect industries and consumers. The consecutive rise in fuel prices in last five months was worrisome for commuters in the UAE. Now, the drop in fuel prices for August has brought some comfort but it is uncertain whether fuel prices will rise again in September or not. It is high time for motorists to look for fuel efficient vehicles including hybrids and electric vehicles. The UAE government is also pushing people to opt for hybrids and electric cars when they look to buy their next car. The Government has announced a number of benefits for those who own such cars and best of benefits is the presence of free parking areas for these cars.
Looking to buy a new hybrid or electric car? Sell your used car now to SellAnyCar.com in 30 minutes regardless of its condition even if it is a non-runner.
