Fuel prices in the Emirates will fall in September, reflecting trends in the global oil market, it has been announced.
The prices for petrol and diesel will drop, state news agency Wam reported on Saturday, quoting the UAE fuel price committee.
How much will fuel cost in September?
The breakdown of fuel prices for a litre for September is as follows:
• Super 98: Dh2.90 from Dh3.05 in August (down by 4.9 per cent)
• Special 95: Dh2.78 from Dh2.93 in August (down by 5.1 per cent)
• Diesel: Dh2.78 from Dh2.95 in August (down by 5.8 per cent)
• E-plus 91: Dh2.71 from Dh2.86 in August (down by 5.2 per cent)
The UAE liberalised fuel prices in 2015 to allow them to move in line with the market.
In 2020, prices were frozen by the Fuel Price Committee after the onset of the coronavirus pandemic. The controls were removed in March 2021 to reflect the movement of the market once again.
Oil recorded a weekly gain on supply disruption concerns in Libya and positive economic data from the US, the world’s largest economy.
Brent, the benchmark for two-thirds of the world’s oil, fell 1.43 per cent to $78.80 a barrel on Friday, while West Texas Intermediate, the gauge that tracks US crude, settled down 3.11 per cent to $73.55 a barrel.
Markets were weighed down as traders considered a report that Opec+ is expected to proceed with a planned output hike from October amid the Libyan outages and pledged cuts by some members to compensate for overproduction to counter the impact of sluggish demand, according to Reuters, citing six sources from the producer group.
More than half of Libya's oil production, or about 700,000 barrels per day, was offline on Thursday and exports were halted at several ports following a standoff between rival political factions supporting oil prices, according to Reuters.
The country’s oil production reached 1.17 million bpd in July, data from Opec’s latest monthly oil market report shows.
Escalation in tensions between Israel and Lebanon’s militant group Hezbollah, as well as positive economic data from the US that could boost demand in the country, are also supporting oil prices.
The US economy grew faster than initially thought in the second quarter amid strong consumer spending.
The country recorded gross domestic product growth of 3 per cent annually in the last quarter, up from an initial estimate of 2.8 per cent reported in July, the latest data from the Commerce Department's Bureau of Economic Analysis shows.
Assurances from Iraq and Kazakhstan, which are part of the Opec+ group, that they would comply with oil production guidelines to stabilise markets is also supporting prices. The development came following the visit of Opec secretary general Haitham Al Ghais to the two countries this week.
UAE currency: the story behind the money in your pockets
Navdeep Suri, India's Ambassador to the UAE
There has been a longstanding need from the Indian community to have a religious premises where they can practise their beliefs. Currently there is a very, very small temple in Bur Dubai and the community has outgrown this. So this will be a major temple and open to all denominations and a place should reflect India’s diversity.
It fits so well into the UAE’s own commitment to tolerance and pluralism and coming in the year of tolerance gives it that extra dimension.
What we will see on April 20 is the foundation ceremony and we expect a pretty broad cross section of the Indian community to be present, both from the UAE and abroad. The Hindu group that is building the temple will have their holiest leader attending – and we expect very senior representation from the leadership of the UAE.
When the designs were taken to the leadership, there were two clear options. There was a New Jersey model with a rectangular structure with the temple recessed inside so it was not too visible from the outside and another was the Neasden temple in London with the spires in its classical shape. And they said: look we said we wanted a temple so it should look like a temple. So this should be a classical style temple in all its glory.
It is beautifully located - 30 minutes outside of Abu Dhabi and barely 45 minutes to Dubai so it serves the needs of both communities.
This is going to be the big temple where I expect people to come from across the country at major festivals and occasions.
It is hugely important – it will take a couple of years to complete given the scale. It is going to be remarkable and will contribute something not just to the landscape in terms of visual architecture but also to the ethos. Here will be a real representation of UAE’s pluralism.
Match info
Uefa Nations League A Group 4
England 2 (Lingard 78', Kane 85')
Croatia 1 (Kramaric 57')
Man of the match: Harry Kane (England)
Mane points for safe home colouring
- Natural and grey hair takes colour differently than chemically treated hair
- Taking hair from a dark to a light colour should involve a slow transition through warmer stages of colour
- When choosing a colour (especially a lighter tone), allow for a natural lift of warmth
- Most modern hair colours are technique-based, in that they require a confident hand and taught skills
- If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
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