The prices of petrol and diesel in the UAE will rise next month, it has been announced.
Prices increased in September and August to reflect the trend in the oil market.
The breakdown in price per litre for October is as follows:
• Super 98: Dh3.44 – from Dh3.42 in September (up 0.6 per cent)
• Special 95: Dh3.33 – from Dh3.31 in September (up 0.6 per cent)
• Diesel: Dh3.57 – from Dh3.40 in September (up 5 per cent)
• E-plus 91: Dh3.26 – from Dh3.23 in September (up 0.9 per cent)
The UAE liberalised petrol prices in 2015 to allow rates 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 prices breached the $95 mark this month amid concerns of tight crude supplies and signs of an economic recovery in China, the world’s second-largest economy and top crude importer.
The International Energy Agency expects a “substantial” crude market deficit in the fourth quarter of this year because of Opec+ output cuts.
The Paris-based agency expects global oil demand to rise by 1.5 million barrels per day in the second half of this year, compared with the first half, exceeding supply by 1.24 million bpd during that period.
Opec+ members Saudi Arabia and Russia announced this month that they would extend supply cuts of a combined 1.3 million bpd to the end of the year.
As part of the voluntary cuts, the kingdom is extending its output reduction of a million bpd until December. Russia is rolling over its export cut of 300,000 bpd until the end of the year.
Last week, Russia announced that it had temporarily banned gasoline and diesel exports in response to domestic shortages. Later on Monday, Moscow said it would lift the export ban on bunkering fuel for some vessels and diesel with high sulphur content.
UBS does not expect Brent crude to move above $100 a barrel on a “sustained basis” as it would lead to higher US crude supply.
Brent, the benchmark for two-thirds of the world’s oil, is forecast to trade in the range of $90 to $100 a barrel over the coming months, before ending the year at $95, the Swiss lender said in a research note last week.
Meanwhile, Goldman Sachs has raised its 12-month Brent forecast to $100 a barrel from $93 and said that the benchmark was “unlikely” to sustainably exceed $105 in 2024.
Brent crude was trading at $92.2 a barrel on Friday. West Texas Intermediate, the gauge that tracks US crude, was trading at $90.79 a barrel.
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Director: Jesse Armstrong
Rating: 3.5/5
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More on animal trafficking
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Leaderboard
15 under: Paul Casey (ENG)
-14: Robert MacIntyre (SCO)
-13 Brandon Stone (SA)
-10 Laurie Canter (ENG) , Sergio Garcia (ESP)
-9 Kalle Samooja (FIN)
-8 Thomas Detry (BEL), Justin Harding (SA), Justin Rose (ENG)
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 247hp at 6,500rpm
Torque: 370Nm from 1,500-3,500rpm
Transmission: 10-speed auto
Fuel consumption: 7.8L/100km
Price: from Dh94,900
On sale: now
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
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Killing of Qassem Suleimani
The bio
Favourite vegetable: Broccoli
Favourite food: Seafood
Favourite thing to cook: Duck l'orange
Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania
Favourite place to travel: Home in Kuwait.
Favourite place in the UAE: Al Qudra lakes
