Fuel prices in the Emirates will fall in October to levels last seen in January 2022, reflecting trends in the global oil market, it has been announced.
The prices for both petrol and diesel have been reduced, state news agency Wam reported on Monday, quoting the UAE fuel price committee.
This is the second consecutive month that petrol prices have declined. So far this year, the UAE has lowered petrol prices six times and raised them four times.
How much will fuel cost in October?
The breakdown of fuel prices per litre for October is as follows:
• Super 98: Dh2.66 from Dh2.90 in September (down by 8.3 per cent)
• Special 95: Dh2.54 from Dh2.78 in September (down by 8.6 per cent)
• Diesel: Dh2.60 from Dh2.78 in September (down by 6.5 per cent)
• E-plus 91: Dh2.47 from Dh2.71 in September (down by 8.9 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 prices fell over the past week amid expectations of an increase in crude supply from Saudi Arabia and Libya. Crude prices slid more than 2 per cent last Thursday after it was reported that Saudi Arabia, the world's biggest oil-exporting country, plans to increase its oil production.
Officials in the kingdom were said to be “committed to bringing back that production as planned on December 1, even if it leads to a prolonged period of lower prices”, the Financial Times reported, quoting officials.
Saudi Arabia and seven other Opec+ members were prepared to ease voluntary production cuts of 2.2 million barrels per day starting next month. However, the supply curbs were extended until the end of November amid a drop in crude prices and slumping global demand.
The oil market also continues to struggle with China's economic situation, as the world's second-largest importer of crude continues to face headwinds on the back of weak oil demand and a tepid manufacturing sector.
Last week, China unveiled its most aggressive stimulus package since the Covid-19 pandemic, offering more interest rate cuts and funding, especially for its spiralling real estate market, in a bid to boost the world's second-largest economy.
Brent, the benchmark for two thirds of the world's oil, was trading 0.63 per cent higher at $72.43 a barrel at 10.03am UAE time on Monday. West Texas Intermediate, the gauge that tracks US crude, was up 0.67 per cent at $68.64 a barrel.
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Starring: Mohamed Ramadan, Ayad Nasaar, Mohamed Adel and Sabry Fawaz
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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
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Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
The specs: 2017 Dodge Ram 1500 Laramie Longhorn
Price, base / as tested: Dhxxx
Engine: 5.7L V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 556Nm @ 3,950rpm
Fuel economy, combined: 12.7L / 100km
Abu Dhabi Sustainability Week
Hales' batting career
Tests 11; Runs 573; 100s 0; 50s 5; Avg 27.38; Best 94
ODIs 58; Runs 1,957; 100s 5; 50s 11; Avg 36.24; Best 171
T20s 52; Runs 1,456; 100s 1; 50s 7; Avg 31.65; Best 116 not out
The specs
Engine: 2.9-litre, V6 twin-turbo
Transmission: seven-speed PDK dual clutch automatic
Power: 375bhp
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The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27 
50-man Royal Rumble 
Universal Championship 
Brock Lesnar (champion) v Roman Reigns
Casket match 
The Undertaker v Rusev
Intercontinental Championship 
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
SmackDown Tag Team Championship 
The Bludgeon Brothers v The Usos
Raw Tag Team Championship 
Sheamus and Cesaro v Bray Wyatt and Matt Hardy
United States Championship
Jeff Hardy (champion) v Jinder Mahal
Singles match 
Triple H v John Cena
To be confirmed 
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced
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Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
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Rating: 3.5/5
The specs
Engine: 77.4kW all-wheel-drive dual motor
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 Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.
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