Fuel prices in the Emirates will rise in August after two months of declines, reflecting trends in the global oil market.
The prices for both petrol and diesel have been raised for next month, state news agency Wam reported on Wednesday, quoting the UAE fuel price committee.
How much will fuel cost in August?
The breakdown of fuel prices for a litre for August is as follows:
• Super 98: Dh3.05 from Dh2.99 in July (up by 2 per cent)
• Special 95: Dh2.93 from Dh2.88 in July (up by 1.7 per cent)
• Diesel: Dh2.95 from Dh2.89 in July (up by 2.1 per cent)
• E-plus 91: Dh2.86 from Dh2.80 in July (up by 2.1 per cent)
The UAE liberalised fuel prices in 2015 to allow them to move in line with the market.
Crude prices surged on Wednesday on concerns that the killing of Hamas leader Ismail Haniyeh in Tehran could cause a wider regional conflict.
Prices increased from a seven-week low, the first in four trading sessions. The Hamas political chief and one of his bodyguards were killed in their residence in Tehran, Iran's Islamic Revolutionary Guard Corps said.
Brent, the benchmark for two thirds of the world’s oil, was up 1.88 per cent at $80.11 per barrel at 10.50am UAE time. West Texas Intermediate, the gauge that tracks US crude, climbed 2.1 per cent to $76.30 a barrel.
But prices are on track in July to record the biggest monthly loss since 2023, amid concerns about China's demand outlook and expectations that the Opec+ alliance will stick to its current output policy.
The producer alliance, which is expected to hold an online meeting on Thursday, will start unwinding production curbs of 2.2 million barrels per day in October.
In June, Opec+ agreed to extend output cuts of 3.66 million bpd until the end of 2025. They were initially planned to end this year.
At the same time, the additional 2.2 million bpd voluntary production cuts of eight Opec+ member states were extended by three months until the end of September.
The group also released a plan for gradually unwinding the voluntary curbs on a monthly basis from October 2024 until September 2025, but said “the monthly increases can be paused or reversed subject to market conditions”.
The biog
Name: Abeer Al Bah
Born: 1972
Husband: Emirati lawyer Salem Bin Sahoo, since 1992
Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old
Education: BA in Elementary Education, worked for five years in a Dubai school
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
UAE currency: the story behind the money in your pockets
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Mohammed bin Zayed Majlis
ASSASSIN'S%20CREED%20MIRAGE
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Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
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UAE currency: the story behind the money in your pockets
KILLING OF QASSEM SULEIMANI
The five pillars of Islam
The years Ramadan fell in May
Wayne Rooney's career
Everton (2002-2004)
- Appearances: 48
- Goals: 17
Manchester United (2004-2017)
- Appearances: 496
- Goals: 253
England (2003-)
- Appearances: 119
- Goals: 53
Killing of Qassem Suleimani
Joe Root's Test record
Tests: 53; Innings: 98; Not outs: 11; Runs: 4,594; Best score: 254; Average: 52.80; 100s: 11; 50s: 27
Killing of Qassem Suleimani
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Day 2, Abu Dhabi Test: At a glance
Moment of the day Dinesh Chandimal has inherited a challenging job, after being made Sri Lanka’s Test captain. He responded in perfect fashion, with an easy-natured century against Pakistan. He brought up three figures with a majestic cover drive, which he just stood and admired.
Stat of the day – 33 It took 33 balls for Dilruwan Perera to get off the mark. His time on zero was eventful enough. The Sri Lankan No 7 was given out LBW twice, but managed to have both decisions overturned on review. The TV replays showed both times that he had inside edged the ball onto his pad.
The verdict In the two previous times these two sides have met in Abu Dhabi, the Tests have been drawn. The docile nature of proceedings so far makes that the likely outcome again this time, but both sides will be harbouring thoughts that they can force their way into a winning position.
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Zayed Sustainability Prize
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
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Starring: Donald Glover, Seth Rogen, John Oliver
Rating: 2 out of 5 stars
