🇦🇪 UAE News

UAE March 2024 Fuel Price Announced: Comparison With Previous Months

Published by

The UAE fuel price committee has made its monthly announcement, revealing the petrol and diesel prices set to take effect from March 1, 2024. Motorists across the Emirates eagerly anticipate these updates, as they directly impact their day-to-day expenses. Here’s a breakdown of the latest fuel rates:

  • Super 98 petrol: Dh3.03 per litre.
  • Special 95 petrol: Dh2.92 per litre.
  • E-Plus 91 petrol: Dh2.85 per litre.
  • Diesel: Dh3.16 per litre.

Comparison with Previous Months

Let’s take a look at how these prices stack up against the rates from January and February:

Fuel TypeMarch 2024 Price (Dh/litre)February 2024 Price (Dh/litre)January 2024 Price (Dh/litre)
Super 98 petrol3.032.882.82
Special 95 petrol2.922.762.71
E-Plus 91 petrol2.852.692.64
Diesel3.162.993.00

Analysis of Price Changes

The recent trend in fuel prices continues into March, marking the third consecutive month of increases across all fuel types. Super 98 petrol, the premium grade, has seen a notable rise from Dh2.82 per liter in January to Dh3.03 per liter in March, reflecting a steady climb in cost. Special 95 and E-Plus 91 petrol also follow suit, with respective increases of Dh0.21 and Dh0.18 per liter over the same period.

READ MORE:

However, the most substantial hike is observed in diesel prices, surging from Dh3.00 per liter in January to Dh3.16 per liter in March. This significant jump of Dh0.16 per liter in just two months may pose challenges for businesses reliant on diesel-powered vehicles for transportation and logistics.

The consistent upward trajectory of fuel prices underscores various economic factors, including global oil market dynamics, geopolitical tensions, and local demand-supply dynamics. While these increases may strain consumer budgets and business operations, they also highlight the need for sustainable energy solutions and prudent fuel consumption practices.

Conclusion

As motorists and businesses brace themselves for higher fuel costs in March 2024, the steady rise in petrol and diesel prices underscores the importance of proactive energy management strategies. With ongoing volatility in global oil markets and geopolitical uncertainties, stakeholders must remain vigilant and explore avenues for greater fuel efficiency and alternative energy sources.

Stay tuned to our platform for the latest fuel price updates and more insightful news articles.

This post was last modified on February 29, 2024 8:26 PM

Share
Ahammed

Authorized Content Writer in News Gulf Online News Portal Website Since 2019.

Recent Posts

UAE Unveils Game-Changing Gas Reserves Discovery

In a groundbreaking revelation, a new gas reservoir has been discovered in the northern region…

May 5, 2024

UAE President Calls for Increased Aid to Gaza Residents During Ramadan

Abu Dhabi: Sheikh Mohammed bin Zayed Al Nahyan, the President of the UAE, has called…

March 15, 2024

Ramadan Transport Services in Dubai: Changes in Operation Hours: Metro, Bus and Parking

Dubai's Road and Transport Authority (RTA) has announced the operational schedule for public transport services…

March 12, 2024

UAE Implements Reduced Working Hours for Ramadan 2024

As the countdown to the holy month of Ramadan 2024 begins, the United Arab Emirates…

March 11, 2024

Noon UAE Announced Ramadan Sale Offers: Get All Your Ramadan Essentials Up to 70% Off

Ramadan, the holiest month in Islam, is a time of fasting, prayer, reflection, and community.…

March 6, 2024

Lulu Launches Ramadan Offers 2024 Across All UAE Outlets: Here’s What You Need to Know About the Discounts

As the holy month of Ramadan approaches, Lulu Hypermarkets and supermarkets in the UAE are…

March 1, 2024